US duo William Nordhaus and Paul Romer win Nobel Economics Prize
Tuesday, October 9, 2018 IST
STOCKHOLM: 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 9 million Swedish crowns ($1 million), the economics prize was established in 1968. It was not part of the original group of five awards set out in Swedish industrialist Alfred Nobel's 1895 will.
Related Topics
Related News & Articles
Once generations of young people learned to tidy up and keep their room in order when they were called to do their military service.
Recently posted . 651 views . 1 min read
HIGHLIGHTS
*The princes, grandsons of Queen Elizabeth II, are expected to create separate &...
Recently posted . 749 views . 4 min read
STOCKHOLM/LONDON: American James Allison and Japanese Tasuku Honjo won the 2018 Nobel Prize for Physiology or Medicine on Monday for game-changin...
Recently posted . 743 views . 2 min read
"Karen Uhlenbeck receives the Abel Prize 2019 for her fundamental work in geometric analysis and gauge theory, which has dramatically changed the mathematica...
Recently posted . 720 views . 2 min read
If we check the GDP of any develop country the one of the factors is literacy rate. That how one country take shape in global market. Hence educati...
Recently posted . 639 views . 2 min read
Trending News & Articles
ALMATY: Hour upon hour, day upon day, Omir Bekali and other detainees in far western China's new indoctrination camps had to disavow the...
Recently posted . 199K views . 1 min read
If you have payed attention to the belly buttons of people on the beach or the members of your family, you have probably noticed that they have different shapes and...
Recently posted . 8K views . 2 min read
In this age of terror, there might be nothing more terrifying than the thought of an attack carried out with chemical weapons. We’ve all heard the horrific ...
Recently posted . 3K views . 4 min read
Body fitness is one thing that everyone wants to maintain irrespective of age. Going to the gym and doing some great exercise always helps to maintain your body fit...
Recently posted . 3K views . 2 min read
More in Global
Throughout the flight, Sultan was engaged in erratic behaviour that marked a departure from his usual character-signs that should have immediately raised red flag...
Recently posted. 713 views . 1 min read
New Delhi: Amid an ongoing stand-off with China over Doklam in Sikkim, the Indian Army has purportedly requested the clearing of a town near India-Bhutan-China tri-...
Recently posted. 784 views . 16 min read
"It was very disappointing to see obvious human contamination of the deepest point in the ocean," said the explorer in an interview.
Recently posted. 1K views . 1 min read
Recently posted . 746 views
Recently posted . 860 views
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 1K views . 52 min read
Recently posted . 1K views . 67 min read
An estimated 3.5 million tourists visited Cyprus in 2017. Here’s all you need to know about the popular Mediterranean island.
Recently posted. 598 views . 0 min read
A particular area of concern, visited by the robotic submarine, named Icefin, is a boundary called the grounding line between where the glacier rests on the ocean b...
Recently posted. 552 views . 1 min read