The Nordhaus Racket: How to Use Capitalization to Minimize the Cost of Climate Change and Win a Nobel for ‘Sustainable Growth’

Shimshon Bichler and Jonathan Nitzan

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: The LA Times called the bluff: William D. Nordhaus won the Nobel prize in economics for a climate model that minimized the cost of rising global temperatures and undermined the need for urgent action. Unfortunately, though, the article missed the nugget in the racket.

Keywords: capitalization; climate change; discounting (search for similar items in EconPapers)
JEL-codes: F64 P48 Q54 Q56 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-agr, nep-env and nep-hme
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:184690

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