US duo William Nordhaus and Paul Romer win Nobel Economics Prize!

• They will share the 9-million-kronor ($1.01 million) prize.

US economists William Nordhaus and Paul Romer on Monday shared the 2018 Nobel Economics Prize for integrating innovation and climate with economic growth, the jury said.


BREAKING NEWS: ⁰The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2018 to William D. Nordhaus and Paul M. Romer.

Nordhaus, a professor at Yale University, and Romer of New York University's Stern School of Business, have addressed "some of our time's most basic and pressing questions about how we create long-term sustained and sustainable growth," the Royal Swedish Academy of Sciences said in a statement.

They will share the 9-million-kronor ($1.01 million) prize.

The award that concludes this year's series of Nobel prizes came about seven decades after the others.