William D Nordhaus
Dados Biográficos
| ID | 709779 |
|---|---|
| NOME | William D Nordhaus |
| PRENOMES | William D |
| SOBRENOME | Nordhaus |
| ASSINATURA | NORDHAUS W D |
| AFILIAÇÕES | Yale University |
| ORCID | 0000-0002-7036-0656 |
| VERIFICADO | Sim |
| TOTAL DE OBRAS | 42 |
| TOTAL DE CITAÇÕES | 299 |
| TOTAL COMO AUTOR | 42 |
| TOTAL COMO EDITOR | 0 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 1970 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2022 |
| ÍNDICE H | 7 |
Sélection thématique de livres
Cette rubrique signale des ouvrages rcemment parus. Ils sont classs en trois catgories : les ouvrages thmatiques par objet d'tude ; les ouvrages sur la science et ses rapports avec la socit ; les ouvrages de rflexion sur les sciences. Pour une description plus dtaille, cliquez sur le titre
Climate Change
William D. Nordhaus delivered his Prize Lecture on 8 December 2018 at the Aula Magna, Stockholm University.
Is Growth Obsolete
A long decade ago economic growth was the reigning fashion of political economy. Growth measures nearly always involve diversions of current resources from other uses, sacrifices of current consumption for the benefit of succeeding generations of consumers. In this chapter, the authors' measure understates economic welfare and its growth to the extent that education and medical care are direct rather than indirect sources of consumer satisfaction…
Revisiting the social cost of carbon
Significance The most important single economic concept in the economics of climate change is the social cost of carbon (SCC). At present, regulations with more than $1 trillion of benefits have been written for the United States that use the SCC in their economic analysis. The DICE model (Dynamic Integrated model of Climate and the Economy) is one of three integrated assessment models used to estimate the SCC in the United States. The present st…
Climate Clubs
Notwithstanding great progress in scientific and economic understanding of climate change, it has proven difficult to forge international agreements because of free-riding, as seen in the defunct Kyoto Protocol. This study examines the club as a model for international climate policy. Based on economic theory and empirical modeling, it finds that without sanctions against non-participants there are no stable coalitions other than those with minim…
A sharper image? Estimates of the precision of nighttime lights as a proxy for economic statistics
Much aggregate social-science analysis relies upon the standard national income and product accounts as a source of economic data. These are recognized to be defective in many poor countries, and are missing at the regional level for large parts of the world. Using updated luminosity (or nighttime lights) data, the present study examines whether such data contain useful information for estimating national and regional incomes and output. The boot…
The Climate Casino
The Effects of the International Security Environment on National Military Expenditures
We consider the influence of countries' external security environments on their military spending. We first estimate the ex ante probability that a country will become involved in a fatal militarized interstate dispute using a model of dyadic conflict that incorporates key elements of liberal and realist theories of international relations. We then estimate military spending as a function of the threat of armed interstate conflict and other influ…
Environmental Accounting for Pollution in the United States Economy
This study presents a framework to include environmental externalities into a system of national accounts. The paper estimates the air pollution damages for each industry in the United States. An integrated-assessment model quantifies the marginal damages of air pollution emissions for the US which are multiplied times the quantity of emissions by industry to compute gross damages. Solid waste combustion, sewage treatment, stone quarrying, marina…
Using luminosity data as a proxy for economic statistics
A pervasive issue in social and environmental research has been how to improve the quality of socioeconomic data in developing countries. Given the shortcomings of standard sources, the present study examines luminosity (measures of nighttime lights visible from space) as a proxy for standard measures of output (gross domestic product). We compare output and luminosity at the country level and at the 1° latitude × 1° longitude grid-cell level for…
Economic aspects of global warming in a post-Copenhagen environment
The science of global warming has reached a consensus on the high likelihood of substantial warming over the coming century. Nations have taken only limited steps to reduce greenhouse gas emissions since the first agreement in Kyoto in 1997, and little progress was made at the Copenhagen meeting in December 2009. The present study examines alternative outcomes for emissions, climate change, and damages under different policy scenarios. It uses an…
A Question of Balance
A Review of the Stern Review on the Economics of Climate Change
How much and how fast should we react to the threat of global warming? The Stern Review argues that the damages from climate change are large, and that nations should undertake sharp and immediate reductions in greenhouse gas emissions. An examination of the Review's radical revision of the economics of climate change finds, however, that it depends decisively on the assumption of a near-zero time discount rate combined with a specific utility fu…
Two Centuries of Productivity Growth in Computing
The present study analyzes computer performance over the last century and a half. Three results stand out. First, there has been a phenomenal increase in computer power over the twentieth century. Depending upon the standard used, computer performance has improved since manual computing by a factor between 1.7 trillion and 76 trillion. Second, there was a major break in the trend around World War II. Third, this study develops estimates of the gr…
Geography and macroeconomics
The linkage between economic activity and geography is obvious: Populations cluster mainly on coasts and rarely on ice sheets. Past studies of the relationships between economic activity and geography have been hampered by limited spatial data on economic activity. The present study introduces data on global economic activity, the G-Econ database, which measures economic activity for all large countries, measured at a 1° latitude by 1° longitude …
Electoral Victory and Statistical Defeat? Economics, Politics, and the 2004 Presidential Election
The 2004 election has been interpreted as a resounding victory for conservative values. Was it in fact a mandate? The present analysis examines recent electoral outcomes and the 2004 election with particular reference to economic and political fundamentals. It compares the results of the 2004 election with predictions using voting models. Additionally, it identifies the trends for different socioeconomic groups. It concludes that the Republican i…
Irving Fisher and the Contribution of Improved Longevity to Living Standards
It is not widely recognized that conventional measures of national income and output exclude the value of improvements in the health status of the population. The present study discusses the theory of the measurement of national income, proposes a new concept called "health income" that can be used to incorporate improvements in health status, and applies the theory to data for the United States over the 20th century. It concludes that accounting…
Warming the World
This book presents in detail a pair of models of the economics of climate change. The models, called RICE-99 (for the Regional Dynamic Integrated model of Climate and the Economy) and DICE-99 (for the Dynamic Integrated Model of Climate and the Economy) build on the authors' earlier work, particularly their RICE and DICE models of the early 1990s. Humanity is risking the health of the natural environment through a myriad of interventions, includi…
Beyond the CPI
This note examines an augmented cost-of-living index (ACOLI) for the purpose of accounting for “augmented consumption” in real-income measures. Well-being includes not only conventional consumer purchases but also goods and services provided by employers, by mandated social regulations, and by tax-financed public goods. Because augmented consumption is often provided in ways that raise prices but not market incomes, deflating with conventional pr…
Quality Change in Price Indexes
Price indexes provide the fundamental building blocks for measuring the general price level along with real incomes and real output. But the most important single price index for the United States, the CPI, has been criticized as significantly underestimating the pace of quality change. This paper sketches the issues involved in the measurement of quality change in price indexes. It reviews the theory of quality change, discusses how the Bureau o…
Traditional Productivity Estimates are Asleep at the (Technological) Switch
Journal Article Traditional Productivity Estimates are Asleep at the (Technological) Switch Get access William D. Nordhaus William D. Nordhaus Yale University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 107, Issue 444, 1 September 1997, Pages 1548–1559, https://doi.org/10.1111/j.1468-0297.1997.tb00065.x Published: 27 January 2012
Money, Macroeconomics, and Economic Policy
Journal Article Money, Macroeconomics, and Economic Policy: Essays in Honor of James Tobin Get access Money, Macroeconomics, and Economic Policy: Essays in Honor of James Tobin. Edited by (WILLIAM C.) Brainard , (WILLIAM D.) Nordhaus and (HAROLD W.) Watts. (Cambridge, Mass. and London: MIT Press, 1991. Pp. xii + 357. £35-95 hardback. ISBN 0 262 02325 3.) John Driffill John Driffill University of Southampton Search for other works by this author o…
Reflections on the Economics of Climate Change
My purpose here is to provide a non-technical introduction to the economics of climate change. I will sketch the scientific background and uncertainties, survey the results of existing studies of the impacts of climate change, present a summary of a study of efficient policies to slow global warming, and end with the uncertainties that haunt the entire field
An Optimal Transition Path for Controlling Greenhouse Gases
Designing efficient policies to slow global warming requires an approach that combines economic tools with relations from the natural sciences. The dynamic integrated climate-economy (DICE) model presented here, an intertemporal general-equilibrium model of economic growth and climate change, can be used to investigate alternative approaches to slowing climate change. Evaluation of five policies suggests that a modest carbon tax would be an effic…
Political Business Cycle
To Slow or Not to Slow
Journal Article To Slow or Not to Slow: The Economics of The Greenhouse Effect Get access William D. Nordhaus William D. Nordhaus Yale University and the Cowles Foundation Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 101, Issue 407, 1 July 1991, Pages 920–937, https://doi.org/10.2307/2233864 Published: 01 July 1991
The Effects of the International Security Environment on National Military Expenditures
We consider the influence of countries' external security environments on their military spending. We first estimate the ex ante probability that a country will become involved in a fatal militarized interstate dispute using a model of dyadic conflict that incorporates key elements of liberal and realist theories of international relations. We then estimate military spending as a function of the threat of armed interstate conflict and other influ…
Alternative Approaches to the Political Business Cycle
CycleIt is impossible to consider the ordinary course of affairs in the United States without perceiving that the desire to be re-elected is the chief aim of the President; . . .and that especially as [the election] approaches, his personal interest takes the place of his interest in the public good.-Alexis de Tocqueville, Democracy in America WHILE political economy has increasingly concentrated upon the behavior of markets, in some areas it is …
World Dynamics
Journal Article World Dynamics: Measurement Without Data Get access William D. Nordhaus William D. Nordhaus Yale University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 83, Issue 332, 1 December 1973, Pages 1156–1183, https://doi.org/10.2307/2230846 Published: 01 December 1973
Pricing in the Trade Cycle
Journal Article Pricing in the Trade Cycle Get access William D. Nordhaus, William D. Nordhaus Yale University Search for other works by this author on: Oxford Academic Google Scholar Wynne Godley Wynne Godley Department of Applied Economics, Cambridge Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 82, Issue 327, 1 September 1972, Pages 853–882, https://doi.org/10.2307/2230255 Published: 01 S…
Invention, Growth and Welfare
Journal Article W. D. Nordhaus. Invention, Growth and Welfare Get access Invention, Growth and Welfare. By W. D. Nordhaus. (Cambridge, Massachusetts: M.I.T. Press, 1969. Pp. xiv + 168. 93s.) G. A. Hughes G. A. Hughes Christ’s College, Cambridge. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 80, Issue 318, 1 June 1970, Pages 341–343, https://doi.org/10.2307/2230124 Published: 01 June 1970
A sharper image? Estimates of the precision of nighttime lights as a proxy for economic statistics
Much aggregate social-science analysis relies upon the standard national income and product accounts as a source of economic data. These are recognized to be defective in many poor countries, and are missing at the regional level for large parts of the world. Using updated luminosity (or nighttime lights) data, the present study examines whether such data contain useful information for estimating national and regional incomes and output. The boot…
Two Centuries of Productivity Growth in Computing
The present study analyzes computer performance over the last century and a half. Three results stand out. First, there has been a phenomenal increase in computer power over the twentieth century. Depending upon the standard used, computer performance has improved since manual computing by a factor between 1.7 trillion and 76 trillion. Second, there was a major break in the trend around World War II. Third, this study develops estimates of the gr…
Long Term Projections of Power
Journal Article Long Term Projections of Power: Political, Economic and Military Forecasting Get access Long Term Projections of Power: Political, Economic and Military Forecasting. By O. MORGENSTERN, K. KNORR and K. P. HEISS. (Cambridge, Massachusetts: Ballinger Publishing Company, 1973. Pp. xxi + 229. £4.60.) W. D. Nordhaus W. D. Nordhaus International Institute for Applied Systems Anaylsis Search for other works by this author on: Oxford Acade…
Toward a New Iron Age? Quantitative Modeling of Resource Exhaustion
Journal Article Toward a New Iron Age? Quantitative Modeling of Resource Exhaustion Get access Toward a New Iron Age? Quantitative Modeling of Resource Exhaustion. By ROBERT B. GORDON, TJALLING C. KOOPMANS, WILLIAM D. NORDHAUS and BRIAN J. SKINNER. (Cambridge: Harvard University Press, 1987. Pp. vi+ 173. £19.95, US $29.95 hardback.) David Pearce David Pearce University College London Search for other works by this author on: Oxford Academic Googl…
Reflections on the Economics of Climate Change
My purpose here is to provide a non-technical introduction to the economics of climate change. I will sketch the scientific background and uncertainties, survey the results of existing studies of the impacts of climate change, present a summary of a study of efficient policies to slow global warming, and end with the uncertainties that haunt the entire field
Traditional Productivity Estimates are Asleep at the (Technological) Switch
Journal Article Traditional Productivity Estimates are Asleep at the (Technological) Switch Get access William D. Nordhaus William D. Nordhaus Yale University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 107, Issue 444, 1 September 1997, Pages 1548–1559, https://doi.org/10.1111/j.1468-0297.1997.tb00065.x Published: 27 January 2012
Money, Macroeconomics, and Economic Policy
Journal Article Money, Macroeconomics, and Economic Policy: Essays in Honor of James Tobin Get access Money, Macroeconomics, and Economic Policy: Essays in Honor of James Tobin. Edited by (WILLIAM C.) Brainard , (WILLIAM D.) Nordhaus and (HAROLD W.) Watts. (Cambridge, Mass. and London: MIT Press, 1991. Pp. xii + 357. £35-95 hardback. ISBN 0 262 02325 3.) John Driffill John Driffill University of Southampton Search for other works by this author o…
Reforming Federal Regulation
Industrial Pricing in the United Kingdom
Journal Article Industrial Pricing in the United Kingdom Get access Industrial Pricing in the United Kingdom. By Kenneth Coutts, Wynne Godley and William Nordhaus. (Cambridge: Cambridge University Press, 1978. Pp. viii + 147. £9.50.) Keith Cowling Keith Cowling University of Warwick Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 88, Issue 352, 1 December 1978, Pages 862–863, https://doi.org/1…
Irving Fisher and the Contribution of Improved Longevity to Living Standards
It is not widely recognized that conventional measures of national income and output exclude the value of improvements in the health status of the population. The present study discusses the theory of the measurement of national income, proposes a new concept called "health income" that can be used to incorporate improvements in health status, and applies the theory to data for the United States over the 20th century. It concludes that accounting…
Invention, Growth and Welfare
Invention, Growth and Welfare
Journal Article W. D. Nordhaus. Invention, Growth and Welfare Get access Invention, Growth and Welfare. By W. D. Nordhaus. (Cambridge, Massachusetts: M.I.T. Press, 1969. Pp. xiv + 168. 93s.) G. A. Hughes G. A. Hughes Christ’s College, Cambridge. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 80, Issue 318, 1 June 1970, Pages 341–343, https://doi.org/10.2307/2230124 Published: 01 June 1970
Invention, Growth, and Welfare
Pricing in the Trade Cycle
Journal Article Pricing in the Trade Cycle Get access William D. Nordhaus, William D. Nordhaus Yale University Search for other works by this author on: Oxford Academic Google Scholar Wynne Godley Wynne Godley Department of Applied Economics, Cambridge Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 82, Issue 327, 1 September 1972, Pages 853–882, https://doi.org/10.2307/2230255 Published: 01 S…
World Dynamics
Journal Article World Dynamics: Measurement Without Data Get access William D. Nordhaus William D. Nordhaus Yale University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 83, Issue 332, 1 December 1973, Pages 1156–1183, https://doi.org/10.2307/2230846 Published: 01 December 1973
The Political Business Cycle
Journal Article The Political Business Cycle Get access William D. Nordhaus William D. Nordhaus Yale University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 42, Issue 2, April 1975, Pages 169–190, https://doi.org/10.2307/2296528 Published: 01 April 1975
Long Term Projections of Power
Journal Article Long Term Projections of Power: Political, Economic and Military Forecasting Get access Long Term Projections of Power: Political, Economic and Military Forecasting. By O. MORGENSTERN, K. KNORR and K. P. HEISS. (Cambridge, Massachusetts: Ballinger Publishing Company, 1973. Pp. xxi + 229. £4.60.) W. D. Nordhaus W. D. Nordhaus International Institute for Applied Systems Anaylsis Search for other works by this author on: Oxford Acade…
Industrial Pricing in the United Kingdom
Journal Article Industrial Pricing in the United Kingdom Get access Industrial Pricing in the United Kingdom. By Kenneth Coutts, Wynne Godley and William Nordhaus. (Cambridge: Cambridge University Press, 1978. Pp. viii + 147. £9.50.) Keith Cowling Keith Cowling University of Warwick Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 88, Issue 352, 1 December 1978, Pages 862–863, https://doi.org/1…
Econometric Studies in Energy Demand and Supply
Reforming Federal Regulation
"Comments on Mendeloff's "Regulatory Reform and Osha Policy
Forecasting Efficiency
This article introduces the concept of forecast efficiency, in which the forecast contains all information available at the time of the forecast. Empirical tests investigate weak efficiency, where the information set is all past forecasts and where all forecast revisions and errors should be uncorrelated with past forecast revisions. Tests of macroeconomic, energy-consumption, and oil-price forecasts find a significant autocorrelation of forecast…
Toward a New Iron Age? Quantitative Modeling of Resource Exhaustion
Journal Article Toward a New Iron Age? Quantitative Modeling of Resource Exhaustion Get access Toward a New Iron Age? Quantitative Modeling of Resource Exhaustion. By ROBERT B. GORDON, TJALLING C. KOOPMANS, WILLIAM D. NORDHAUS and BRIAN J. SKINNER. (Cambridge: Harvard University Press, 1987. Pp. vi+ 173. £19.95, US $29.95 hardback.) David Pearce David Pearce University College London Search for other works by this author on: Oxford Academic Googl…
Toward a New Iron Age? Quantitative Modeling of Resource Exhaustion
Alternative Approaches to the Political Business Cycle
CycleIt is impossible to consider the ordinary course of affairs in the United States without perceiving that the desire to be re-elected is the chief aim of the President; . . .and that especially as [the election] approaches, his personal interest takes the place of his interest in the public good.-Alexis de Tocqueville, Democracy in America WHILE political economy has increasingly concentrated upon the behavior of markets, in some areas it is …
To Slow or Not to Slow
Journal Article To Slow or Not to Slow: The Economics of The Greenhouse Effect Get access William D. Nordhaus William D. Nordhaus Yale University and the Cowles Foundation Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 101, Issue 407, 1 July 1991, Pages 920–937, https://doi.org/10.2307/2233864 Published: 01 July 1991
An Optimal Transition Path for Controlling Greenhouse Gases
Designing efficient policies to slow global warming requires an approach that combines economic tools with relations from the natural sciences. The dynamic integrated climate-economy (DICE) model presented here, an intertemporal general-equilibrium model of economic growth and climate change, can be used to investigate alternative approaches to slowing climate change. Evaluation of five policies suggests that a modest carbon tax would be an effic…
The Age of Diminished Expectations
Money, Macroeconomics, and Economic Policy
Journal Article Money, Macroeconomics, and Economic Policy: Essays in Honor of James Tobin Get access Money, Macroeconomics, and Economic Policy: Essays in Honor of James Tobin. Edited by (WILLIAM C.) Brainard , (WILLIAM D.) Nordhaus and (HAROLD W.) Watts. (Cambridge, Mass. and London: MIT Press, 1991. Pp. xii + 357. £35-95 hardback. ISBN 0 262 02325 3.) John Driffill John Driffill University of Southampton Search for other works by this author o…
Reflections on the Economics of Climate Change
My purpose here is to provide a non-technical introduction to the economics of climate change. I will sketch the scientific background and uncertainties, survey the results of existing studies of the impacts of climate change, present a summary of a study of efficient policies to slow global warming, and end with the uncertainties that haunt the entire field
Traditional Productivity Estimates are Asleep at the (Technological) Switch
Journal Article Traditional Productivity Estimates are Asleep at the (Technological) Switch Get access William D. Nordhaus William D. Nordhaus Yale University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 107, Issue 444, 1 September 1997, Pages 1548–1559, https://doi.org/10.1111/j.1468-0297.1997.tb00065.x Published: 27 January 2012
Quality Change in Price Indexes
Price indexes provide the fundamental building blocks for measuring the general price level along with real incomes and real output. But the most important single price index for the United States, the CPI, has been criticized as significantly underestimating the pace of quality change. This paper sketches the issues involved in the measurement of quality change in price indexes. It reviews the theory of quality change, discusses how the Bureau o…
Beyond the CPI
This note examines an augmented cost-of-living index (ACOLI) for the purpose of accounting for “augmented consumption” in real-income measures. Well-being includes not only conventional consumer purchases but also goods and services provided by employers, by mandated social regulations, and by tax-financed public goods. Because augmented consumption is often provided in ways that raise prices but not market incomes, deflating with conventional pr…
Warming the World
This book presents in detail a pair of models of the economics of climate change. The models, called RICE-99 (for the Regional Dynamic Integrated model of Climate and the Economy) and DICE-99 (for the Dynamic Integrated Model of Climate and the Economy) build on the authors' earlier work, particularly their RICE and DICE models of the early 1990s. Humanity is risking the health of the natural environment through a myriad of interventions, includi…
Irving Fisher and the Contribution of Improved Longevity to Living Standards
It is not widely recognized that conventional measures of national income and output exclude the value of improvements in the health status of the population. The present study discusses the theory of the measurement of national income, proposes a new concept called "health income" that can be used to incorporate improvements in health status, and applies the theory to data for the United States over the 20th century. It concludes that accounting…
Economics (31 obras) · Political science (13 obras) · Climate Change Policy and Economics (11 obras) · Computer Science (10 obras) · Macroeconomics (9 obras) · Natural resource economics (9 obras) · Climate change (8 obras) · Econometrics (8 obras) · Law (8 obras) · Economic Growth and Productivity (6 obras)