Phone: +1 … 2018. Are We Approaching an Economic Singularity? Much more challenging to identify are the impacts of Nordhaus and his research on public policy in this domain. The case for adopting a carbon tax to curb global warming is weaker than most economists and scientists assume. ate Paul Samuelson and his coauthor William Nordhaus in the 15th edition of their textbook, Economics: Much like a satellite in space can survey the weather across an entire continent so can the GDP give an overall picture of the state of the economy. William Nordhaus’s Climate Club Proposal: thinking globally about climate change economics. This research has involved both studies of key economic issues (such as the costs of mitigation and the impacts of climate change) and development of integrated assessment models linking the economic and geophysical aspects of climate change. Hardback. 21547 (2012) Why the global warming skeptics are wrong New York Review of Books. Together with Paul Romer he won the laureates of the 2018 Nobel Memorial Prize in Economic Sciences. Nordhaus is the author or editor of over 20 books. Nordhaus WD. He won for his work on integrating climate change into long-run macroeconomic models . This research has involved both studies of key economic issues (such as the costs of mitigation and the impacts of climate change) and development of integrated assessment models linking the economic and geophysical aspects of climate change. Personal Website. Rolling the Dice in the Corridors of Power: William Nordhaus's Impacts on Climate Change Policy. The present study describes the development of the con- William D. Nordhaus Yale University, Department of Economics 28 Hillhouse Avenue Box 208264 New Haven, CT 06520-8264 and NBER william.nordhaus@yale.edu Andrew Moffat Embassy of the US Beijing, China andrew.s.moffat@gmail.com He completed his undergraduate work at Yale University in 1963 and received his Ph.D. in Economics in 1967 from the Massachusetts Institute of Technology. PHILADELPHIA, Pa. (March 24, 2020) – The American Academy of Political and Social Science (AAPSS) will award the 2020 Daniel Patrick Moynihan Prize to economist William Nordhaus.The Moynihan Prize is awarded annually to a leading policy-maker, social scientist, or public intellectual whose career demonstrates the value of using research and evidence to improve the human condition. He envisages no ecological or environmental constraints on … Found inside"The underlying notion in this volume is to spotlight, critically assess, and illuminate Paul A. Samuelson's extraordinarily voluminous, diverse, and groundbreaking contributions that encompass the entire field of economics through the lens ... Press Release — June 11, 2019, noon. Effects of U.S. Tax Policy on Greenhouse Gas Emissions examines both tax expenditures and excise taxes that could have a significant impact on GHG emissions. A vital new moral perspective on the climate change debate. "The Stern Review on … What would it take to create better analyses of extreme events in climate and finance, and an appropriate policy framework for worst-case risks? ‘Worst-Case Economics: Extreme Events in Climate and Finance’ offers accessible and ... Nordhaus (New Mexico, USA, 1941) began studying the economic impact of climate change in 1975, just as climate scientists were issuing their first, tentative warnings about a rise in global temperatures due to greenhouse gas emissions caused by the burning of fossil fuels. William D. Nordhaus, " Evolution of Modeling of the Economics of Global Warming: Changes in the DICE model, 1992-2017 ," ( March 2017) [21pp, Abstract] CFDP 2057. The "system dynamics" approach to economics as developed at MIT. The carbon price for 2010 associated with that goal is estimated to be $59 per ton (at 2005 prices), compared with an effective global average price today of around $5 per ton. Yale University professor William Nordhaus was named a co-recipient of this year’s Nobel (Memorial) Prize in Economic Science for his work on climate change. Starting in the 1970s, Nordhaus constructed increasingly comprehensive models of the interaction between the economy and additions of carbon dioxide to the atmosphere, along with its effects on global warming. October 08, 2018 Media Contact: Heather Thorstensen Manager of Communications Sigma Xi, The Scientific Research Honor Society hthorstensen@sigmaxi.org or (919) 549-4691 ext. William Nordhaus’s Climate Club Proposal: thinking globally about climate change economics. A December 2002 report, published under the auspices of the Academy’s Committee on International Security Studies (CISS), finds that the political, military, and economic consequences of war with Iraq could be extremely costly to the United States. This column, written by a co-author and Yale colleague, outlines how his contributions have broadened the scope of economic analysis, shedding light on the causes and consequences of the Two recipients shared the honor of receiving the 2018 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (Economics Prize) –– William Nordhaus of Yale University for his pioneering work in the field of climate change economics and Paul Romer of New York University for his groundbreaking models of economic growth and technological development. William Nordhaus Sterling Professor of Economics and Professor, School of Forestry and Environmental Studies Publications (BETA) This is a PARTIAL listing of recent publications, and it will continue to grow as we populate our publications database. "An Optimal Transition Path for Controlling Greenhouse Gases". Its founder Professor William Nordhaus was recently awarded Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel due to his pioneering work on the economics of climate change. Found insideIn Climate Shock, Gernot Wagner and Martin Weitzman explore in lively, clear terms the likely repercussions of a hotter planet, drawing on and expanding from work previously unavailable to general audiences. You will need to go back to the source publications to get the exact dating. He was born in Albuquerque, New Mexico (which is part of the United States). Nordhaus in Stockholm, December 2018. The seminal contributions of William Nordhaus to scholarship on the long-run macroeconomics of global climate change are clear. He has been publishing papers on climate change since 1977. ... are used for excellent scientific publications (for … The eleven essays in this volume include historical treatments of new goods and their diffusion; practical exercises in measurement addressed to recent and ongoing innovations; and real-world methods of devising quantitative adjustments for ... This book surveys the empirical and major theoretical approaches, and examines the role of the central bank, of direct democracy, and the cycles in European communist countries. My earliest memories are of the warm climate, skiing in winter, trout fishing in summer, and a fragrant alfalfa field outside my window. . As subjective well-being is topical in economics, psychology, and other social sciences, this book should have cross-disciplinary appeal. This text has been the standard-bearer in principles books for over 50 years, presenting a clear, accurate, and interesting introduction to economics that allows students to study the world and see the patterns of economic life. Nordhaus and co-author Joseph Boyer, in a 2000 book, outlined the DICE model as well as a regional version called RICE and in 2008, Nordhaus published a book summarizing the model as of 2007. This book deals with the prime threat to human life on earth: the tendency of global capitalist economic development to develop us to death, to drive us off the cliff to ecological collapse. He is one of the laureates of the 2018 Nobel Memorial Prize in Economic Sciences. Much more challenging to identify are the impacts of Nordhaus and his research on public policy in this domain. William D. Nordhaus is Sterling Professor of Economics at Yale University. Found insideThis volume presents six new papers on environmental/energy economics and policy. Much more challenging to identify are the impacts of Nordhaus and his research on public policy in this domain. Policy Quarterly – V olume 12, Issue 2 – May 2016 … An important part of the motivation for the new architecture is to integrate the different components and make them consistent. This volume is the first step toward achieving that goal. Of course, Johnson claims one of those six critical innovations is artificial light. William Nordhaus’ research encourages policy makers to manage global climate so it stabilizes at 4 degrees by the mid 22nd century. A collection of classics and a great reference for anyone dealing with the theory and practice of measuring economic activity, prices, productivity and welfare. Journal Article Schiavo, J. G. and R. Mendelsohn. William D. Nordhaus, Andrew Moffat, " A Survey of Global Impacts of Climate Change: Replication, Survey Methods, and a Statistical Analysis ," ( July 2017) [39pp, Abstract] CFDP 2084. WILLIAM NORDHAUS is Sterling Professor of Economics at Yale University and a recipient of the 2018 Nobel Prize in Economics. Bill Nordhaus is now the primary author of this text, and he has revised the book to be as current and relevant as ever. Found insideHuman-generated greenhouse gas emissions imperil a global resource: a biosphere capable of supporting life as we know it. 1616 P St NW, Suite 600 Washington DC, 20036 202.328.5000 1994. Add to basket. “Uncertainty in forecasts of long-run economic growth”. “ Rolling the Dice in the Corridors of Power: William Nordhaus's Impacts on Climate Change Policy .”. "From a Nobel Prize-winning pioneer in environmental economics, an innovative account of how and why "green thinking" could cure many of the world's most serious problems-from global warming to pandemics Solving the world's biggest problems-from climate catastrophe and pandemics to wildfires and corporate malfeasance-requires, more than anything else, coming up with new ways to manage … Proceedings of the National Academy of Sciences, 115, 21, Pp. William Nordhaus is the President of the American Economics Association and the Sterling Professor of Economics at Yale University. William NORDHAUS | Cited by 26,724 | of Yale University, CT (YU) | Read 251 publications | Contact William NORDHAUS This publication, prepared jointly by the WHO, the World Meteorological Organization and the United Nations Environment Programme, considers the public health challenges arising from global climate change and options for policy responses, ... Author (s) - William D. Nordhaus Concerns about the impact on large-scale earth systems have taken center stage in the scientific and economic analysis of climate change. William Nordhaus of Yale University has been jointly awarded the 2018 Nobel Prize in Economic Sciences with Paul Romer for ‘integrating climate change into long-run macroeconomic analysis’. We have entered the Climate Casino and are rolling the global-warming dice, warns economist William Nordhaus. WILLIAM D. NORDHAUS. William NORDHAUS | Cited by 26,674 | of Yale University, CT (YU) | Read 251 publications | Contact William NORDHAUS Peter Christensen, Kenneth Gillingham, and William D Nordhaus. The seminal contributions of William Nordhaus to scholarship on the long-run macroeconomics of global climate change are clear. Previous edition: New York: W.W. Norton, 2012. Sterling Professor of Economics & Professor of Forestry and Environmental Studies. The seminal contributions of William Nordhaus to scholarship on the long-run macroeconomics of global climate change are clear. Aldy, J. E., & Stavins, R. N. (Forthcoming). Based on the best and most current research available, this book surveys the history of climate change and makes a series of specific recommendations for the future. A collection of essays exploring the consequences of making non-standard economic assumptions. ^ Nordhaus, William (3 May 2007). Abstract. Information Technology and the Future of Economic Growth William D. Nordhaus NBER Working Paper No. 216. 59: Chen X, Nordhaus … NOTE TO USERS: Please report any problems to the author at william.nordhaus@yale.edu. An eminent economist warns that Western nations’ economic expectations for the future are way out of sync with the realities of economic stagnation and stringent steps will be required to avoid massive political and economic upheaval. ... This book analyzes potential paths for improvement in the approach to climate economics. It stresses urgent action, well-designed mitigation, and adaptation policies. In 1972 Nordhaus, along with fellow Yale economics professor James Tobin, published Is Growth Obsolete?, an article that introduced the Measure of Economic Welfare (Index of Sustainable Economic Welfare) as the first model for economic sustainability assessment. Nordhaus is also known for his critique of current measures of national income. This week William Nordhaus, Sterling Professor of Economics at Yale, won the Nobel Prize. 213 pp., one Appendix. Rolling the Dice in the Corridors of Power: William Nordhaus's Impacts on Climate Change Policy. Doi (identifier) Nobel Memorial Prize in Economic Sciences ISBN (identifier) William Nordhaus. (link is external) Curriculum Vitae. Views of William Nordhaus on Carbon Pricing. Nordhaus received the prize for integrating climate change into long-run macroeconomic analysis. In the last decade much of my research has involved understanding the economics of climate change. Found insideThis monograph is a collection of articles on productivity and related topics submitted by speakers at an interdisciplinary November 2017 conference sponsored by, among others, the CFA Institute Research Foundation, with additional articles ... This article reviews his prize‐winning contributions. The medal was gifted to Cowles by the Frankel family during an intimate ceremony held at 28 Hillhouse Avenue on May 24, 2019. Economics and Policy Issues in Climate Change. The Stern Review is an independent, rigourous and comprehensive analysis of the economic aspects of this crucial issue. William D. Nordhaus was co-winner, along with Paul M. Romer, of the 2018 Nobel Prize in Economic Science “for integrating climate change into long-run macroeconomic analysis.”. Nordhaus has written many books, among them “Invention, Growth and Welfare, Is Growth Obsolete?” and “The Efficient Use of Energy Resources.” He co-authored (with Paul Samuelson) the classic textbook, “Economics,” whose 19th edition was published in 2009. Publications William D. Nordhaus, Managing the Commons: The Economics of Climate Change, Cambridge, MA, The MIT Press, 1994, ISBN 0-262-140551-1 ROBERT COSTANZA Institute for Ecological Economics, University of Maryland, Box 38, Solomons, MD 20688-0038, USA E-mail: costza@cbl.cees.edu One reason is that William Nordhaus’s influential DICE model, far from producing a reliable estimate of an “optimal” carbon tax, yields vastly different results depending on which numerical estimates are plugged into it. The publication of “Beyond the limits” generated a new response from William Nordhaus; this time with the title of “Lethal Models” [Nordhaus 1992]. Nordhaus received the prize “for integrating climate change into long-run macroeconomic analysis”. The social cost of carbon (SCC) for a given year is an estimate, in dollars, of the present discounted value of the damage caused by a 1-metric ton increase in CO2 emissions into the atmosphere in that year; or equivalently, the benefits of ... A new working paper, which examines the legacy of a pioneer in climate change economics, finds that Nordhaus’s major contributions to the field mostly influenced public policy indirectly. At the Yale School of Forestry & Environmental Studies, where he holds a secondary appointment, his research and teaching have influenced and inspired generations of scholars. William Nordhaus. William D Nordhaus 1 Economics Another free PDF website to grab eBooks and textbooks is here. version of the DICE-2013R model (see Nordhaus 2014, Nordhaus and Sztorc 2013 for a detailed description of the earlier version). The present study analyzes the economic impact of a potential disintegration of the Greenland Ice Sheet (GIS). Policy Quarterly – V olume 12, Issue 2 – May 2016 – P age 27. William D. Nordhaus; The science of global warming has reached a consensus on the high likelihood of substantial warming over the coming century. In the mid-1970s very few scientists were thinking seriously about climate change. William NORDHAUS | Cited by 26,500 | of Yale University, CT (YU) | Read 251 publications | Contact William NORDHAUS 59: Nordhaus WD. William Nordhaus of Yale University is a pioneer in the economics of climate change. But there is still time to turn around and walk back out of the casino, and in this essential book the author explains how.div /DIVdivBringing together all the important issues surrounding the climate debate, Nordhaus describes the science, ... Yale Sterling Professor of Economics William Nordhaus thinks so. 11 Sep 1998. Reviewed by Jonathan A. Subscribe to "Brookings Papers on Economic Activity" For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business ... Found insideFalse Alarm will convince you that everything you think about climate change is wrong -- and points the way toward making the world a vastly better, if slightly warmer, place for us all. Nations … In his new book, The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World (Princeton UP, 2021), Nordhaus tackles the “externality” that is pollution and carbon emissions. William Nordhaus, in full William Dawbney Nordhaus, (born May 31, 1941, Albuquerque, New Mexico, U.S.), American economist who, with Paul Romer, was awarded the 2018 Nobel Prize for Economics for his contributions to the study of long-term economic growth and its relation to climate change.His pioneering work on climate economy models greatly advanced understanding of the complex … 5409-5414. ^ Nordhaus, W. D. '"Reflections on the economics of climate change", Journal of Economic Perspectives (1993); 7(4) 11–25 at p. 15 ^ Nordhaus WD (November 1992). Found insideToward a New Iron Age? takes an important step toward reconciling these divergent views. Managing the Global Commons presents a unique effort to encompass economic, scientific, and policy aspects of this great geophysical experiment. 2019. William Dawbney Nordhaus (born May 31, 1941) is an American economist, a Sterling Professor of Economics at Yale University, best known for his work in economic modeling and climate change, and one of the 2 recipients of the 2018 Nobel Memorial Prize in Economic Sciences. William D. Nordhaus Biographical I. first saw light in Albuquerque, New Mexico, USA, at the dawn of World War II. Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215. Found insideThis book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, encouraging local political leaders and financial institutions to prop up ailing, underperforming companies ... This collection pulls together key documents from the scientific and political history of climate change, including congressional testimony, scientific papers, newspaper editorials, court cases, and international declarations. by William Nordhaus 2 projects that the economy will double in size in less than thirty years and will be eight times bigger by 2100, with a world population of 10.5 billion and with continuing expansion thereafter. Journal Article William D. Nordhaus (The Spirit of Green, 2021) “As the world learned from the Carthaginian peace that settled World War I, the cost of a botched peace in Iraq may be even higher than the price of a bloody war.” William D. Nordhaus (War with Iraq, 2003) Paul Romer is best known for his work on the nature of economic growth, and William Nordhaus for his environmental economics, as well as coauthoring, with fellow laureate Paul Samuelson, the 20 th century’s most widely used economics textbook (a copy of the 18 th edition sits on my shelf). The first edition of this important work was the winner of the 2002 Publication of Enduring Quality award by the Association of Environmental and Resource Economists. The Launch of the European Institute on Economics and the Environment. He stumbled on the problem quite by chance, through sharing an office […] This term represents the economic cost caused by an additional ton of carbon dioxide emissions (or more succinctly carbon) or its equivalent. I recently read Steven Johnson’s fun new book “How We Got to Now: Six Innovations that Changed the World“. This book not only will shape discussion of one the world's most pressing problems but will provide the rationales and methods for achieving widespread agreement on our next best move in alleviating global warming. Renowned economist William Nordhaus has developed many innovative approaches for analyzing complex environmental questions. Alexander Ludwig: William Nordhaus and Paul Romer have established and shaped modern endogenous growth theory and environmental and climate economics. Nordhaus worked alongside Samuelson from the 12th edition until the 19th, starting in 1985. Nordhaus’ research also argues that limiting global warming to 1.5 degrees would cost the global economy more than 50 trillion US dollars, while yielding benefits of well under US$5 trillion. It is the latest version of a series of models of the economics of global warming developed at Yale University by Nordhaus and colleagues. In 2018, Paul Romer and William Nordhaus shared the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Leibniz Institute for Financial Research SAFE. Lessons from William Nordhaus’s Influence on Climate Change Policy. The award was of particular interest to me because back in 2009 I published an article in The Independent Review offering a thorough analysis and critique of his Dynamic Integrated Model of Climate and the Economy (DICE). Abstract: The seminal contributions of William Nordhaus to scholarship on the long-run macroeconomics of global climate change are clear. The major differences are the start date of the runs (from 1965 to 2005); and the price level (from 1989 US $ to 2005 US international $). Sterling Professor of Economics and Professor in the School of the Environment. Found insideThe volume contains several appendixes, including an annotated list of the manuscripts of the Golden Ass. This book is based on the author's Martin Classical Lectures at Oberlin College in 2000. This book presents in detail a pair of models of the economics of climate change. Meanwhile, its now the worlds biggest online publishing company of eBooks that focuses on short and practical novels, IT, company and literature for engineering, etc.. You may look for incredible In a recent paper in American Economic Journal: Economic Policy , Nordhaus uses the model to conclude that a 2.5°C target is almost out of reach. Born: William Dawbney Nordhaus May 31, 1941 (age 79) Albuquerque, New Mexico, U.S. Education: Yale University (B.A., M.A.) Climate change is profoundly altering our world in ways that pose major risks to human societies and natural systems. He has been publishing papers on climate change since 1977. While climate scientists warn that climate change could be catastrophic, economists such as 2018 Nobel prize winner William Nordhaus assert that it will be nowhere near as damaging.In a 2018 paper published after he was awarded the prize, Nordhaus claimed that 3°C of warming would reduce global GDP by just 2.1%, compared to what it would be in the total absence of climate change. This approach ignores everything we know about human cooperation. In this book, leading economists describe an alternate model for climate agreements, drawing on the work of the late Nobel laureate Elinor Ostrom and others. Nordhaus received the prize "for integrating climate change into long-run macroeconomic analysis". Born: William Dawbney Nordhaus May 31, 1941 (age 80) Albuquerque, New Mexico, U.S. Education: Yale University (B.A., M.A.) William Dawbney Nordhaus (born May 31, 1941) is an American economist and Sterling Professor of Economics at Yale University, best known for his work in economic modelling and climate change. Press Release — … William D. Nordhaus, Andrew Moffat, " A Survey of Global Impacts of Climate Change: Replication, Survey Methods, and a Statistical Analysis ," ( July 2017) [39pp, Abstract] CFDP 2084. Sciences Po Massachusetts Institute of Technology : Awards: BBVA Foundation Frontiers of Knowledge Award (2017) This new paper took up again some of the earlier arguments put forward by Nordhaus in his 1973 paper, but with considerable differences. Found insideWhile making a major contribution to that debate, this book has value that extends well beyond the Swedish issue, to the careful and well-informed consideration of environmental and energy questions that industrialized nations and ... Applies advanced new economics methodologies to assess possible impacts of climate change on the US economy; for graduate students, researchers and policymakers. The book includes a historical analysis of technological change, an examination of the overall direction of technological change, and general theories about the sources of change. American economist William Dawbney Nordhaus (born May 31, 1941) is an American economist, a Sterling Professor of Economics at Yale University, best known for his work in economic modeling and climate change, and one of the 2 recipients of the 2018 Nobel Memorial Prize in Economic Sciences. (link is external) Email: william.nordhaus@yale.edu. (2012) William Nordhaus replies New York Review of Books. RESEARCH TRIANGLE PARK, NC—Sigma Xi member William D. Nordhaus of Yale University received half of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel today. (2012) Economic Policy in the Face of Severe Tail Events Journal of Public Economic Theory. He applies them to the possible phaseout of nuclear power in Sweden in The Swedish Nuclear Dilemma: Energy and the Environment. Nordhaus received the prize "for integrating climate change into long-run macroeconomic analysis". W illiam Nordhaus was a co-recipient of this year’s Nobel Prize in economics for his pioneering work on the economics of climate change. Paul Romer, American economist who, with William Nordhaus, was awarded the 2018 Nobel Prize for Economics for his contributions to the understanding of long-term economic growth and its relation to technological innovation. Romer’s work shed light on the… In the last decade much of my research has involved understanding the economics of climate change. Nordhaus in Stockholm, December 2018. He holds a B.A from Yale University and a Ph.D. in economics from the Massachusetts Institute of Technology. by William Nordhaus 2 projects that the economy will double in size in less than thirty years and will be eight times bigger by 2100, with a world population of 10.5 billion and with continuing expansion thereafter. In the March 22, 2012, issue of The New York Review, William Nordhaus presents his opinion on why global warming skeptics in general, and the sixteen scientists and engineers who wrote two Wall Street Journal Op Eds in particular, are “wrong.” We are three of those sixteen authors, and we respond here to Professor Nordhaus. This title is embargoed until 00:01hrs GMT January 6th, 2011 for a copy please contact: jayne.fairley@sagepub.co.uk William Nordhaus is a Sterling Professor of … William Dawbney Nordhaus is an American economist and Sterling Professor of Economics at Yale University, best known for his work in economic modeling and climate change. William Dawbney Nordhaus (born May 31, 1941) is an American economist and Sterling Professor of Economics at Yale University, best known for his work in economic modeling and climate change.He is one of the laureates of the 2018 Nobel Memorial Prize in Economic Sciences. Harvard Environmental Economics Program Discussion Paper Series (2020). The first version of the global dynamic model was published in Nordhaus (1992). William D. Nordhaus. An extensive IPCC Working Group report published in 1995 examined the economic and social aspects of climate change. In this volume, eminent analysts assess that IPCC report and address the questions that emerge from it. Found inside – Page 1Now a National Bestseller! Climate change is real but it’s not the end of the world. It is not even our most serious environmental problem. Michael Shellenberger has been fighting for a greener planet for decades. William D. Nordhaus, " Evolution of Modeling of the Economics of Global Warming: Changes in the DICE model, 1992-2017 ," ( March 2017) [21pp, Abstract] CFDP 2057. His research has focused on economic growth and natural resources, the economics of climate change, as well as the resource constraints on economic growth. Masters; A new working paper, which examines the legacy of a pioneer in climate change economics, finds that Nordhaus’s major contributions to the field mostly influenced public policy indirectly. Romer was recognized “for integrating technological innovations into long‐run macroeconomic analysis”. William Nordhaus is Sterling Professor of Economics at Yale University, New Haven, Connecticut, USA. William Nordhaus is the President of the American Economics Association and the Sterling Professor of Economics at Yale University. William Nordhaus shared the 2018 Nobel Memorial Prize in Economic Sciences, "for integrating climate change into long-run macroeconomic … Climate Change Economics. The model also calculates the path of carbon prices necessary to keep the increase in global mean temperature to 2 degrees C or less in an efficient manner. William Nordhaus was a co-recipient of the 2018 Nobel Prize in economics for his pioneering work on the economics of climate change. Theory and environmental and other social Sciences, 115, 21, Pp Gillingham, and William Nordhaus shared Sveriges. Of Economic research and the Future, 1998 paths for improvement in the mid-1970s very few scientists were seriously! Club Proposal: thinking globally about climate change are clear 2 – 2016. Effort to encompass Economic, scientific, and adaptation policies concerns about how United... 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