Nordhaus and Romer win the Nobel Prize in Economics for 2018
The Nobel Committee of the Royal Swedish Academy of Sciences announced on Monday (October 8th) the award of the Nobel Prize in Economics for 2018 to Americans William Nordhaus and Paul Romer.
The committee attributed the two Nobel Prize winners to the economy for their efforts in the field of climate change and innovation.
The prize is worth SEK 9 million ($ 1.1 million), Nobel will raise 12.5 percent this year as the financial institution improves after years of increased spending, the Nobel Foundation said.
The Swedish Royal Academy of Sciences Nordhaus and Romer won the Nobel Prize in Economics for their efforts to integrate climate change and technological innovation into macroeconomic analyzes.
“The results of their research have broadened the scope of economic analysis by building models that explain how the market economy interacts with nature and knowledge,” the academy said in a statement.