MIT alumnus and Yale University Professor of Economics William D. Nordhaus PhD ’67 was awarded a share of the 2018 Nobel Prize in economic sciences, the Royal Swedish Academy of Sciences announced.
According to the Nobel Prize website, the Sveriges Riksbank Prize in Economic Sciences was divided equally between Nordhaus, “for integrating climate change into long-run macroeconomic analysis,” and economist Paul M. Romer, “for integrating technological innovations into long-run macroeconomic analysis.” Romer also did graduate work at MIT.
MIT News reports that Nordhaus completed his PhD dissertation at MIT under the supervision of Robert M. Solow, a 1987 Nobel laureate in economic sciences. Read more about Nordhaus.
Nordhaus is the 37th MIT graduate to win a Nobel Prize and the 11th in the economic sciences category. He also brings the total MIT-connected Nobel winners, which includes faculty and researchers, to 90. Visit MIT's Institutional Research Page for more details.