Canadian Peter Howitt, an emeritus professor of economics at Brown University, was awarded the Nobel Prize in economic sciences on Monday in a joint recognition with two others for their work on theories related to innovation and economic growth. The Royal Swedish Academy of Sciences honoured Howitt for his work on the “theory of sustained growth through creative destruction," along with one of his co-authors, Philippe Aghion of the Collège de France, and Joel Mokyr of Northwestern University who was recognized for his work in economic history and the factors that led to the industrial revolution in Europe. Who is Howitt and what impact does his work have on economic theory? The Financial Post’s Jordan Gowling explains. Read More
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