The Most Important and Misleading Assumption in the World
Why should we make policy using economic models that don’t reflect what should be obvious to a third-grader?
climate change response scenarios
Macro and Climate Economics: It’s Time to Talk about the “Elephant in the Room”
Economic growth…in macroeconomic models is the so-called elephant in the room that, unfortunately, almost no one talks about or seeks to improve.
CO2 Concentration in “Panic and Repent” scenarios
In Friday’s post, I argued that the likely pattern of human response to climate change would be characterized by very limited action until manifestly serious consequences were clear by looking out the window; then, and only then would serious action ensue. In other words, the pattern would be one of panic and repentance.