Nordhaus, Romer Win 2018 Nobel Prize in Economic Sciences

The transcript discusses the influence of Yale University and notable economists like Nordhaus and Tobin on economic growth and environmental economics. It highlights the role of Nobel Prize winners in advancing public understanding of these topics, emphasizing the importance of addressing environmental constraints on growth. The discussion also touches on the significance of academic linkages and the potential impact of Nobel recognition on educating the public about environmental and economic issues.

Which university did the speaker attend, where they were influenced by notable economists?

• Yale University

• Stanford University

• Oxford University

• Harvard University

What was a key contribution of Nordhaus and Tobin to economics?

• Advancement of financial economics

• Integration of environmental constraints with economic growth

• Development of microeconomic theory

• Introduction of behavioral economics

What theory did Romer contribute to that is mentioned in the transcript?

• Endogenous growth theory

• Exogenous growth theory

• Keynesian growth theory

• Classical growth theory

What is the significance of the Nobel Prize in the context of environmental economics?

• It provides a platform to address the general public

• It focuses solely on financial economics

• It changes the substance of economic theories

• It is only relevant to the academic elite

Why is it important for economists to communicate their findings to the public?

• To increase their personal fame

• To compete with other academic fields

• To ensure accurate information is shared about environmental issues

• To gain more funding for their research