The Death of an Economist in the Service of the Earth William Nordhaus, distinguished American economist, professor at Yale University and winner of the 2018 Nobel Prize in Economics, died on October 30 at the age of 85. He pioneered the economics of climate change and by inventing the famous cube model, he provided a framework for examining the interaction between economic activities, carbon emissions and global warming. Using this model, Nordhaus showed that imposing a carbon tax is an effective way to reduce greenhouse gases. He worked at Yale University for more than five decades, held a position in the university's administration and co-authored editions of the famous book "Economics" by Samuelson. His records include membership in the President's Council of Economic Advisers, chairman of the American Economic Association and consulting in macroeconomic institutions. This prominent thinker is survived by his wife, three children and three grandchildren. Full text of the channel.

The Death of an Economist in the Service of the Earth William Nordhaus, distinguished American economist, professor at Yale University and winner of the 2018 Nobel Prize in Economics, died on October 30 at the age of 85. He pioneered the economics of climate change and by inventing the famous cube model, he provided a framework for examining the interaction between economic activities, carbon emissions and global warming. Using this model, Nordhaus showed that imposing a carbon tax is an effective way to reduce greenhouse gases. He worked at Yale University for more than five decades, held a position in the university's administration and co-authored editions of the famous book "Economics" by Samuelson. His records include membership in the President's Council of Economic Advisers, chairman of the American Economic Association and consulting in macroeconomic institutions. This prominent thinker is survived by his wife, three children and three grandchildren. Full text of the channel.