NOBEL AWARD IN ECONOMY

Economy - by J. Valdivieso

William D. Nordhaus and Paul M. Romer win the Nobel Prize in Economy in 2018.

They have been awarded the Nobel Prize in Economics in 2018. Two Americans have won the award for integrating studies on climate change and technological innovations with macroeconomic analysis "their findings have significantly broadened the scope of economic analysis by building models that explain how the market economy interacts with nature and knowledge," said the Swedish academy.

The Nordhaus findings refer to the interactions between society and nature. "He decided to start working on this issue in the 1970s, as scientists were increasingly concerned about the combustion of fossil fuel that resulted in a warmer climate.