Brown University professor awarded Nobel Prize in economics

PROVIDENCE, R.I. (WLNE) — A Brown University professor was recognized as a winner of the 2025 Nobel Prize in Economic Sciences on Monday.

On Monday morning, officials at the Nobel Foundation announced the 2025 economics prize would go to three people, including Peter Howitt, who’s taught at Brown University since 2000.

Professor Howitt is being recognized for his theory on how the development of new technologies drives economic progress.

“We normally seek our praise and our congratulations and so on from our colleagues, our professional colleagues, and to have the world at large award us something like this is really amazing, “Howitt said.

The award ceremony will be held in Sweden in December.