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The Royal Swedish Academy of Sciences awarded 2018 Alfred Nobel Prize in Economic Sciences to 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.” Nordhaus and Romer have designed...

Angus Deaton, born in Scotland but a longtime professor at Princeton, has won the 2015 Nobel Prize for Economics "for his analysis of consumption, poverty, and welfare." Deaton is well-known for a broad body of work rather than for a handful of breakthrough papers. But it is possible to understand his output as...