Tuesday, September 09, 2008
In June this year in the New York Times Freeman Dyson reviewed books by William Nordhaus and Ernesto Zedillo on the economics of climate change. This has evoked a response by Nordhaus and others and an amiable counter-response by Dyson. If you don’t have time top plough through all the literature this gives a good introduction to the science and to the earnest debates between Nordhaus and Lord Stern on the choice of discount rate and, in the Zedillo book, on the dead-end debate between climate change denialists and those advocating strong policy actions. I am recommending the discussion to my environmental economics students - it is a good read. Eventually I will try to read these books which look interesting.