Are the Economists Hopeless on Environmental Issues?

The world has serious problems, such as climate change, peak oil, and resource depletion generally. Economists should be leading the charge on these types of issues, but except for the very few “ecological economists,” like Herman Daly, they say increasingly strange things about a parallel world which seems to have only a tangential relationship to the one in which we actually live.

A case in point is the recent book The Climate Casino (2013) by William Nordhaus. His book is quite insightful on several levels. The Climate Casino is a disturbing book, but unfortunately some of what makes it disturbing is not intentional on the part of the author.

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