discount rates

Going for Broke at the Climate Casino

The new Nordhaus book is good as far as it goes. But its analysis is muddled in crucial respects.

I finally had a chance to read Nordhaus’s new book, The Climate Casino, on a long flight.  There are some goods lessons in the book. The book makes the case for serious mitigation, even rhough Nordhaus takes a fairly optimistic view about adaptation. Nordhaus also tells us that “it would be relatively inexpensive to slow …

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