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Nobel Prize for the 'model cities' man of Honduras

Wednesday, October 10, 2018

Paul Romer and William Nordhaus have been awarded the Note Prize for Economics  for their use of the economic analysis to determine the relative costs and benefits of reducing emissions as a means of reducing pollution.

But Romer is best known in Latin America, and Honduras in particular, for other reasons.

When he was working for the World Bank, Romer caused controversy for what was seen as manipulation for political reasons, of Chile's position in the Doing Business ranking. Romer also created controversy in Honduras with a plan to establish "model cities". The proposal did not prosper.