Why did William Nordhaus and Paul Romer win the Nobel Prize in Economics 2018? Economist Mark Sanders introduces their acaemic insights into how sustainable global economic growth can be achieved. And he discusses the link to research at Utrecht University on economics, sustainability and institutions for the open society.
Nobelprize in Economics 2018
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2018 goes to William D. Nordhaus "for integrating climate change into long-run macroeconomic analysis" and Paul M. Romer "for integrating technological innovations into long-run macroeconomic analysis."
The work of these two laureates has strong connections to Utrecht University. William Nordhaus has been a collaborator of Tjalling Koopmans, the 1975 laureate of the Prize (and alumnus of Utrecht University), and has been a visitor at the Utrecht University School of Economics in 2010, when he delivered the Tjalling C. Koopmans Centennial Lecture on ‘Global Warming and Climate Change’. The work by Paul Romer has been frequently used in research on human capital, innovation, entrepreneurship and economic growth by Utrecht University scholars.
Sustainable economic growth
The research of William Nordhaus and Paul Romer has delivered new insights into how sustainable global economic growth can be achieved.
On Monday October 15th 11:30-12:30 Dr Mark Sanders will introduce the academic work of the Nobel laureates and discuss their relevance for the Utrecht University School of Economics and the research at Utrecht University as a whole on pathways to sustainability and institutions for open societies.