Joshua Gans' Newsletter • 0 implied HN points • 08 Oct 18
- The work of economists Bill Nordhaus and Paul Romer in integrating innovation and climate with economic growth has played a significant role in breaking down barriers and pushing for policy action.
- Nordhaus's approach helped quantify the costs of climate change mitigation, showing that the costs were manageable and shifting the debate from denial to action.
- Romer's endogenous growth theory emphasized the importance of science and innovation in driving economic growth, highlighting the need for systems to promote research and development.