24 Oct They won this year’s Nobel for economics. Here’s why their work matters
William Nordhaus, a professor of economics at Yale, has been recognized by the Royal Swedish Academy of Sciences for his work – dating back to the 1970s – in understanding and modelling how the global economy and the climate interact.
Nordhaus shares the $1 million Nobel prize with Paul Romer – a professor at New York University’s Stern School of Business – who has won for his work demonstrating the fundamental importance of internal factors, such as technological innovation, in driving a nation’s economic growth.
Read More: https://www.weforum.org/agenda/2018/10/meet-the-winners-of-this-years-nobel-prize-for-economics/