The Nobel Prize in Economic Sciences was shared by Americans William D. Nordhaus and Paul M. Romer, for…
The Nobel Prize in Economic Sciences was shared by Americans William D. Nordhaus and Paul M. Romer, for work on innovation, climate change and the economy that has had huge implications for global policy-making, said the Swedish Academy that gives the award.
The pair of economics professors, Dr. Nordhaus of Yale University and Dr. Romer of NYU, have developed methods designed to achieve long-term sustainable economic growth. Their work has “significantly broadened the scope of economic analysis by constructing models that…
