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A Remarkable Double Feature

Nordhaus and Romer, in their own words

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Posted in Climate, Contemporary economics, History of economics, Uncategorized Tagged with: ,

STOCKHOLM – Economic Principals is on the road again, gathering information, and has very little in the way of news to report.  The Nobel lectures in economic sciences, by William Nordhaus, of Yale University, and Paul Romer, of New York University, went off yesterday as scheduled. They can be viewed here and here. Each lecture is straightforward and low-key. Each describes a historic turning point, different but related, in economists’ understanding of the human situation. That makes a remarkable double feature — a fitting way to punctuate the first fifty years of the Nobel Prize in economic sciences. As for the