For the most part, this blog posting is devoted to summarizing a recent paper by Nicholas Stern and Joseph Stiglitz entitled Climate Change and Growth. The primary conclusion from this essay is that “…tackling climate change can unleash higher growth for at least the next two decades…” In this extensive essay, Stern and Stiglitz reach … More Climate Change and Economic Growth
The United States is now the only developed country that has neither a cap and trade program for carbon emissions nor a carbon price. Some, such as John Gage, believe that carbon pricing is inevitable, especially given the European Union’s recent implementation of a carbon border adjustment program. In this posting, I argue that not … More Cap and Trade versus Carbon Pricing
A visit to my son’s family often provides me with an opportunity to read a book from my bucket list. This time it was Climate Shock (2015), authored by the late Harvard economist Martin Weitzman and Columbia economist Gernot Wagner. I found this short (152 pages of formal text) book to be both informative for … More Climate Shock: The Economic Consequences of a Hotter Planet
No Con Economics 