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The 2018 Nobel Prize in Economic Science has been awarded to William D. Nordhaus and Paul M. Romer for including climate change and technological innovation in economic theory and sustainable growth.
The work of Paul Romer, an economist at New York University, hasdemonstrated that government policy plays a crucial role in fostering technological innovation and creativity.
The Yale economist William Nordhaus has spent four decades trying to persuade governments to address climate change, preferably by imposing a tax on carbon emissions.
You can check out his books – “The Climate Casino” and “A Question of Balance” in this week’s Environmental Economics collection at Panitza Library or online.