Nobel Prize Conversations First reactions | Peter Howitt, prize in economic sciences 2025 | Telephone interview
Oct 13, 2025
Peter Howitt shares his surprise at winning the 2025 economic sciences prize during a phone call. He reflects on his partnership with Philippe Aghion, highlighting how their complementary skills flourished at MIT. The stimulating environment there played a crucial role in their collaborative work on creative destruction and economic growth. Looking ahead, Peter humorously notes his intent to focus more on economics and less on golf after this unexpected honor.
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Surprised In North Carolina
- Peter Howitt was sleeping in North Carolina when Adam Smith called from Stockholm to tell him the news.
- He had not been expecting it and joked he does not keep the phone on or champagne in the fridge.
Family Call Next On The List
- Peter Howitt had not yet celebrated with his wife and planned to call his children after the interview.
- He indicated the family likely did not know the news yet and he wanted to share it with them personally.
Complementary Strengths Sparked Collaboration
- Howitt and Philippe Aghion complemented each other because one is a macroeconomist and the other a brilliant microeconomist interested in growth.
- Their combined skills let them model creative destruction and develop influential work together.