In reality, however, political considerations often strongly influence public investment decisions. William Nordhaus (1975) provided early modeling of how political cycles could affect economic ...

William Nordhaus, Edmund Phelps, Paul Romer, Alvin Roth, Robert Shiller and Richard Thaler. Trump has pitched imposing ...

In a word - politics. The idea of two degrees as the safe threshold for warming evolved over a number of years from the first recorded mention by economist William Nordhaus in 1975. It was during ...