Book contents
- Five Times Faster
- Reviews
- Five Times Faster
- Copyright page
- Dedication
- Epigraph
- Contents
- Figures
- 1 Introduction
- Part I Science
- Part II Economics
- 9 Worse Than Useless
- 10 The Allocation of Scarce Resources
- 11 The Configuration of Abundance
- 12 Not Just Fixing the Foundations
- 13 Investing With Our Eyes Open
- 14 Regulating for a Free Lunch
- 15 Stuck in First Gear
- 16 Runaway Tipping Points of No Return, Revisited
- 17 Revolutionary
- Part III Diplomacy
- Appendix How You Can Help
- Acknowledgements
- Notes
- Select Bibliography
- Index
9 - Worse Than Useless
from Part II - Economics
Published online by Cambridge University Press: 24 October 2024
- Five Times Faster
- Reviews
- Five Times Faster
- Copyright page
- Dedication
- Epigraph
- Contents
- Figures
- 1 Introduction
- Part I Science
- Part II Economics
- 9 Worse Than Useless
- 10 The Allocation of Scarce Resources
- 11 The Configuration of Abundance
- 12 Not Just Fixing the Foundations
- 13 Investing With Our Eyes Open
- 14 Regulating for a Free Lunch
- 15 Stuck in First Gear
- 16 Runaway Tipping Points of No Return, Revisited
- 17 Revolutionary
- Part III Diplomacy
- Appendix How You Can Help
- Acknowledgements
- Notes
- Select Bibliography
- Index
Summary
Estimates of the economic costs of climate change rely on guesswork in the face of huge uncertainties, and arbitrary judgements about what is important. The models can produce any number their creators want them to; and typically, they trivialise the risks. Despite being described as ‘worse than useless’ by leading academics, economic analysis of this kind has been credited with a Nobel Prize, and it continues to inform government policy.
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- Information
- Five Times FasterRethinking the Science, Economics, and Diplomacy of Climate Change – Updated Edition, pp. 99 - 108Publisher: Cambridge University PressPrint publication year: 2024