US duo William Nordhaus and Paul Romer win Nobel Economics Prize
Stockholm, Oct 8 : 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.
Nordhaus, a professor at Yale University, and Romer, a former World Bank chief economist now at 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.
It said the pair have "significantly broadened the scope of economic analysis by constructing models that explain how the market economy interacts with nature and knowledge." Nordhaus, 77, was specifically honoured for "integrating climate change into long-run macroeconomic analysis."
The 62-year-old Romer meanwhile won for "integrating technological innovations into long-run macroeconomic analysis." Both have been tipped as frontrunners for the Nobel in recent years.
The pair will share the nine million Swedish kronor (about 1.01 million or 860,000-euro) prize.
Last year, the honour went to US economist Richard Thaler, a co-founder of the so-called "nudge" theory, which demonstrates how people can be persuaded to make decisions that leave them healthier and happier.
Unlike the other Nobel prizes which were created in Swedish inventor and philanthropist Alfred Nobel's last will and testament and first awarded in 1901, the economics prize was created by the Swedish central bank, the Riksbank,in 1968 to mark its tricentenary. It was first awarded in 1969.
The Nobel, which also consists of a diploma and a gold medal, will be presented at a formal ceremony in Stockholm on December 10.
The Nobel economics prize wraps up the 2018 awards season, notable this year for the lack of a literature prize, postponed by a year for the first time in 70 years over a rape scandal that came to light as part of the #MeToo movement.
Last week, after the prizes for medicine, physics and chemistry were announced, the most highly-anticipated Nobel, that for peace, went to Yazidi women's campaigner Nadia Murad and Congolese doctor Denis Mukwege for their work in fighting sexual violence in conflicts around the world.
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Allahabad High Court directs Centre to decide on Rahul Gandhi's citizenship by December 19
Prayagraj: The Allahabad High Court has instructed the Union Home Ministry to decide on a petition regarding Congress leader Rahul Gandhi's Indian citizenship. The Bench, led by Justice Attau Rahman Masoodi and Justice Subhash Vidyarthi, set a deadline of December 19, 2024, for the government to update the Court on the matter.
The petition, filed by S Vignesh Shishir, requests a Central Bureau of Investigation (CBI) probe into allegations that Rahul Gandhi holds British citizenship. Shishir claims that evidence, including confidential emails shared by VSS Sarma, suggests Gandhi may be a British citizen. However, due to UK data protection laws, the British government has not disclosed full details without Gandhi's consent.
During the November 25 hearing, Deputy Solicitor General SB Pandey informed the Court that the Home Ministry is reviewing the representation. The Court directed the government to report on the status of the petition by the next hearing on December 19.
A similar petition challenging Rahul Gandhi's citizenship is pending before the Delhi High Court, where the matter will be heard after the Allahabad High Court's proceedings.
