2018 Nobel Prize in Economic Sciences for William D. Nordhaus and Paul M. Romer

2018 Nobel Prize in Economic Sciences

2018 Nobel Prize in Economic Sciences for William D. Nordhaus and Paul M. Romer
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2018

1. William D. Nordhaus
2. Paul M. Romer

2018 Nobel Prize in Economic Sciences

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2018 was divided equally between 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."

Nobel Prize in Economic Sciences

• In 1968, Sveriges Riksbank (Sweden’s central bank) established the Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize. 

• The Prize is based on a donation received by the Nobel Foundation in 1968 from Sveriges Riksbank on the occasion of the Bank’s 300th anniversary. 

• The first Prize in Economic Sciences was awarded to Ragnar Frisch and Jan Tinbergen in 1969.

• The Prize in Economic Sciences is awarded by The Royal Swedish Academy of Sciences, Stockholm, Sweden, according to the same principles as for the Nobel Prizes that have been awarded since 1901.

William D. Nordhaus

• Affiliation at the time of the award: Yale University, New Haven, CT, USA
• Prize motivation: "for integrating climate change into long-run macroeconomic analysis."

• Prize share: 1/2

Paul M. Romer

• Affiliation at the time of the award: NYU Stern School of Business, New York, NY, USA

• Prize motivation: "for integrating technological innovations into long-run macroeconomic analysis."

• Prize share: 1/2