William Nordhaus, Nobel-winning climate economist, dies at 85

William D. Nordhaus, a Sterling Professor of Economics at Yale who won the 2018 Nobel Prize in Economics for integrating climate change into economic analysis, died on October 30 at age 85 following a battle with glioblastoma. Nordhaus was best known for developing the DICE (Dynamic Integrated Climate-Economy) model, which helps policymakers assess the economic costs of climate change and weigh them against emission reduction costs, and for advocating carbon taxes as an efficient remedy for climate-related externalities. During his more than 50 years at Yale, he also made influential contributions to understanding technological change, business cycles, and economic welfare measurement.