William Nordhaus

William Nordhaus
BornWilliam Dawbney Nordhaus
(1941-05-31) May 31, 1941 (age 77)[1]
Albuquerque, New Mexico, U.S.
EducationYale University (BA, MA)
Sciences Po
Massachusetts Institute of Technology (PhD)
AwardsBBVA Foundation Frontiers of Knowledge Award (2017)
Nobel Memorial Prize in Economic Sciences (2018)
Scientific career
FieldsEnvironmental economics
InstitutionsYale University
ThesisA theory of endogenous technological change (1967)
Doctoral advisorRobert Solow[2]

William Dawbney Nordhaus (born May 31, 1941) is an American economist and Sterling Professor of Economics at Yale University, best known for his work in economic modelling and climate change. He is one of the laureates of the 2018 Nobel Memorial Prize in Economic Sciences.[3] Nordhaus received the prize "for integrating climate change into long-run macroeconomic analysis".[4]

Education and career

Nordhaus was born in Albuquerque, New Mexico, the son of Virginia (Riggs) and Robert J. Nordhaus,[5] who co-founded the Sandia Peak Tramway.[6][7] Robert J. Nordhaus was from a German Jewish family — his father Max Nordhaus (1865–1936) immigrated from Paderborn in 1883 and was a manager of The Charles Ilfeld Company branch in Albuquerque.[8][9]

Nordhaus graduated from Phillips Academy in Andover and subsequently received his BA and MA from Yale in 1963 and 1973, respectively, where he was a member of Skull and Bones.[10] He also holds a Certificat from the Institut d'Etudes Politiques (1962) and a PhD from MIT (1967).[11][10][12] He was a Visiting Fellow of Clare Hall, Cambridge in 1970-1971. He has been a member of the faculty at Yale since 1967, in both the Economics department and the School of Forestry and Environmental Studies,[13][12] and has also served as its Provost from 1986–1988 and its Vice President for Finance and Administration from 1992–1993. His tenure as provost was among the shortest in the university's history. He has been on the Brookings Panel on Economic Activity since 1972. During the Carter administration, from 1977–1979, Nordhaus was a member of the Council of Economic Advisers.[12] Nordhaus served as the chairman of the Board of Directors of the Boston Federal Reserve Bank between 2014 and 2015.[14]

Nordhaus lives in New Haven, Connecticut, with his wife, Barbara, a social worker in the Yale Child Study Center.[12]

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