The Science, Economics, and Politics of Global Climate Change: A Review of The Climate Casino by William Nordhaus

• Autores: Adam B. Jaffe, Suzi Kerr
• Localización: Journal of economic literature, ISSN 0022-0515, Vol. 53, Nº 1, 2015, págs. 79-91
• Idioma: inglés
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• Resumen

  • The problem of global climate change presents overwhelming factual, analytical, and normative challenges. Nordhaus surveys this terrain bravely and mostly successfully. He explains the scientific/economic consensus that the planet is warming, that people are responsible, that the consequences are bad, and that immediate action is benefit/cost justified. He also discusses the efficient policy response, and the challenges of achieving coordinated global action. His approach is mostly that of standard neo-classical economics, and some of the limitations of that paradigm in this context are not addressed. But overall, The Climate Casino provides an excellent self-contained introduction to the subject