The Nordhaus Racket: How to Use Capitalization to Minimize the Cost of Climate Change and Win a Nobel for ‘Sustainable Growth’
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Date
2018
Authors
Bichler, Shimshon
Nitzan, Jonathan
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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.
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capitalization climate change discounting
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The Nordhaus Racket: How to Use Capitalization to Minimize the Cost of Climate Change and Win a Nobel for ‘Sustainable Growth’.
Bichler, Shimshon and Nitzan, Jonathan. (2018). Research Note. 3 November. pp. 1-4. (Article - Working Paper; English).