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

Adam Jaffe and Suzi Kerr

Journal of Economic Literature, 2015, vol. 53, issue 1, 79-91

Abstract: 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. ( JEL D61, H23, Q51, Q54, Q58,D72)

JEL-codes: D61 D72 H23 Q51 Q54 Q58 (search for similar items in EconPapers)
Date: 2015
Note: DOI: 10.1257/jel.53.1.79
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Citations: View citations in EconPapers (2)

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