Peter Howitt (economist)

High school (ages 12+)
History & Culture

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Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/peter-howitt--economist-

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. When was Peter Howitt (economist) born?May 31, 1946
2. Where was Peter Howitt (economist) born?Canada
3. How big is Peter Howitt (economist)?Endogenous growth theory and the economics of innovation
4. What is Peter Howitt (economist) known for?Co-development of the theory of sustained growth through creative destruction
5. What is the academic affiliation?Lyn Crost Professor of Social Sciences Emeritus at Brown University
6. What is the notable model?The Aghion-Howitt model of endogenous growth

Endogenous Growth Theory: A macroeconomic framework positing that sustained economic growth arises from internal factors like innovation and human capital.
Creative Destruction: The continuous process of innovation where new technologies and industries replace older, less efficient ones, driving economic progress.
Aghion-Howitt Model: A formal economic model that analyzes how research and development and innovation lead to long-term economic growth.
Nobel Memorial Prize in Economic Sciences: The highest international accolade for exceptional contributions to the field of economics, awarded annually.