ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Romer and Nordhaus’s Nobel Winning Contributions

The contributions of Paul Romer and William Nordhaus to both economic theory and policy are critically assessed here. By undertaking a brief history of economic thinking prior to their pioneering work, it validates the Nobel award. However, it is argued that the Nobel Prize has mostly been awarded to work that employs neoclassical, or more accurately, marginalist assumptions. On the policy front, it is suggested that India should formulate its economic policies by drawing inspiration from some of the work by Samuel Bowles and Mariana Mazzucato alongside that of Romer and Nordhaus.

 



Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Updated On : 30th Aug, 2019

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top