The winners of the economics prize.
The winners of the economics prize. Credit: Nobel

Economics Nobel for environment and growth theories

2:28 min

The Nobel Memorial Prize in Economic Sciences has been awarded for work on climate change and the endogenous growth theory.

William Nordhaus, who was born in New Mexico in 1941, was awarded the prize for integrating climate change into long term macro-economic analysis.

New York University's Paul Romer was awarded for factoring technological innovation into macroeconomics.

The Nobel Memorial Prize in Economic Sciences is not among the Nobel Foundation’s official awards for medicine, physics, chemistry, literature and peace but was established separately in 1968 by Sweden’s central bank, Sveriges Riksbank, in memory of Alfred Nobel.

 

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