October 31st 2026 The Americans changing politics for the better William Nordhaus, favourite economist of the right and the left The Nobel-prizewinner was fascinated by what happens when markets fail W ILLIAM NORDHAUS had faith in the tools of his profession. For decades he helped run Yale University’s economics department, where he arrived in 1967, aged 26, and stayed until he died on October 30th. He edited “Economics”, a textbook still used by American undergraduates.
And he was convinced that economic methods could be useful to other disciplines, leaving wonkish topics behind in pursuit of debates that consumed policymakers: the climate, technology and taxes. What happens when the supply of new tech catches up with demand? To enhance your experience and ensure our website runs smoothly, we use cookies and similar technologies.
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