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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Citation

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).

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