Nordhaus, Romer win Nobel Economics Prize

Reuters reports William Nordhaus and Paul Romer won the 2018 Nobel Economics Prize for integrating climate change and technological innovation into macroeconomic analysis, the Royal Swedish Academy of Sciences said on Monday. “Their findings have significantly broadened the scope of economic analysis by constructing models that explain how the market economy interacts with nature and knowledge,” the academy said in statement. Worth $1 million, the economics prize was established in 1968.