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October 14, 2025

Nobel Prize in Economic Sciences - 2025

Brown University economics professor Peter Howitt wins the Nobel Prize in Economic Sciences for the theory of “sustained growth through creative destruction.”

University leaders, faculty colleagues, and former students shared reflections on Nobel Prize winner Peter Howitt’s contributions to the field of economics and to the Brown community. Dr Azam Chaudhry, Brown Class of 2002 (Ph.D.) Dean of the Faculty of Economics and Pro-Rector at the Lahore School of Economics reminisces:

“While many people know Peter as a pioneering researcher — and now a Nobel Prize winner — I was one of the fortunate people who also knew him as a Ph.D. supervisor. I still remember the day that he arrived in the economics department at Brown, and I went to introduce myself and ask if he needed any help moving in. He mentioned that he needed help finding a new chair, and I wandered around the department looking for one, secretly hoping that I would get to work with him. I was one of the fortunate ones who did and recall how he was incredibly generous, supportive, and patient with all of us budding economists. This is as much a part of his legacy as his Nobel Prize."