William Nordhaus, a prominent economist and the former chair of Boston Federal Reserve Bank, won the most prestigious prize in economics on October 8 for a lifetime of research integrating climate change into long-term macroeconomic analysis.
That the Sveriges Riksbank Prize in Economic Sciences – sometimes known as the Nobel Prize in Economics – would go to Nordhaus may at first seem like an encouraging sign that the scholarly economic community is waking up to the monumental environmental challenges ahead, and is prepared to support those who research how the economy and climate affect each other.
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