William Nordhaus and Paul Romer Awarded Nobel Prize in Economics
Nobel Prize in economics was given to America’s former chief at the economist World Bank, Paul Romer and the great professor William Nordhaus. Nordhaus was given the prize for his astonishing development to a model that inspects the consequences of climate policy interventions on the global economy. While Romer’s work is on how the economic forces controls the power of companies to innovate.
