Canadian economist and former Guelph CVI student, Peter Howitt, has been awarded the 2025 Nobel Memorial Prize in Economic Sciences.
Howitt, who is 79, grew up in the Exhibition Park area and also attended Victory Public School. He told Guelph Today that he wasn’t a very good student and “was very badly behaved as a teenager.”
He went on to get a BA from McGill University, an MA from the University of Western Ontario, and a PhD from Northwestern University.
Howitt is best known for his work on endogenous growth theory and the concept of creative destruction, which he wrote about in a 1992 paper with Philippe Aghion.
He shares the Nobel Prize with Aghion, and Joel Mokyr from the Netherlands.
This is the second GCVI alum to win a Nobel Prize. Donna Strickland, who also attended Victory Public School, won the Nobel Prize in Physics in 2018.