Why Economists Can’t Understand Complex Systems: The case of William Nordhaus, Nobel Prize in Economics

After having been awarded the Nobel prize in economics of this year, William Nordhaus has been often presented as some sort of an ecologist (see, e.g. this article on Forbes). Surely, Nordhaus’ work on climate has merit and he is one of the leading world economists who recognize the importance of the problem and who propose remedies for it. On the[Read More...]