Nobel Committee Pushes Environmental Regulation with its Latest Winners
The 2018 Nobel Memorial Prize in Economic Science was awarded for the 50 th time today, to William D. Nordhaus of Yale University and Paul M. Romer of New York University. Although Austrian school economists might find common ground on a few aspects of Nordhaus and Romer’s work, such as Romer’s criticism of “mathiness” in economics, there is not much for Austrians to celebrate about this year’s prize.