They are both Americans. What is the issue? They are experts in growth. They believe economic growth can become unsustainable. Interesting.
New York University (click here) professor Paul Romer (second from left) attends a news conference after being named a winner of the 2018 Nobel Memorial Prize in Economics with professor William D. Nordhaus of Yale University on October 8, 2018 in New York City.
October 12, 2018
By David Bookbinder and Joseph Majkut
The awarding of a Nobel prize in economics this week (click here) to William Nordhaus — the first economist to develop a model of how the climate and the global economy are linked — highlights a tremendous lost opportunity to fight climate change.
Decades ago, Nordhaus’s work provided a set of tools that should have appealed to market-minded politicians as a way to tackle greenhouse gas emissions. Yet American conservatives chose denial instead. And because the right ignored Nordhaus (and those who picked up on his work), it seems unlikely that this country will take the “unprecedented” actions that the U.N. Intergovernmental Panel on Climate Change said this week are necessary to hold global warming to 1.5 degrees Celsius.
Yale University Professor William Nordhaus, one of the 2018 winners of the Nobel Prize in economics, speaks about the honor Monday, Oct. 8, 2018, in New Haven, Conn.
Beginning in the 1970s, Nordhaus demonstrated how a growing economy increases greenhouse gas emissions, which warm the planet, and in turn cause economic damages in sectors as far flung as agricultural production and coastal property. Yet, he observed, the producers of those gases do not pay for the damages they cause....
By the way, Yale is not a bad word, just Kavanaugh.
Yale University Professor William Nordhaus, one of the 2018 winners of the Nobel Prize in economics, speaks about the honor Monday, Oct. 8, 2018, in New Haven, Conn. Beginning in the 1970s, Nordhaus demonstrated how a growing economy increases greenhouse gas emissions, which warm the planet, and in turn cause economic damages in sectors as far flung as agricultural production and coastal property. Yet, he observed, the producers of those gases do not pay for the damages they cause....
By the way, Yale is not a bad word, just Kavanaugh.
