Modeling with Impact

William Nordhaus

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William Nordhaus is Sterling Professor of Economics at Yale University and, together with Paul Romer, one of the laureates of the 2018 Nobel Memorial Prize in Economic Sciences. He is best known for his work in climate change modeling. Nordhaus received the Nobel "for integrating climate change into long-run macroeconomic analysis".

Professor Nordhaus completed his undergraduate studies at Yale University in 1963 and received his Ph.D. in Economics in 1967 from the Massachusetts Institute of Technology. He has been on the faculty of Yale University since 1967. He is a member of the National Academy of Sciences and a Fellow of the American Academy of Arts and Sciences. He is on the research staff of the National Bureau of Economic Research and has been a member and senior advisor of the Brookings Panel on Economic Activity, Washington, D.C. since 1972. From 1977 to 1979, he was a Member of the President's Council of Economic Advisers.

His research has focused on economic growth and natural resources, the economics of climate change, as well as the resource constraints on economic growth. Since the 1970s, he has developed economic approaches to global warming, including the construction of integrated economic models (the DICE and RICE models) to determine the efficient path for coping with climate change. Recently, he has undertaken the "G-Econ project," which provides the first comprehensive measures of economic activity at a geophysical scale.

Nordhaus is the author or editor of over 20 books. He is the co-author of the textbook Economics, the original editions of which were written by Nobel Laureate Paul Samuelson. He has also written several books on global warming and climate change, one of his primary areas of research.