Tuesday, July 6, 2010

Bradford Plumer Takes On Climate Change Critic Jim Manzi


I think any craft can be done well or badly. On the one hand, certain economists (Krugman, Roubini, Taleb) are better than others (Greenspan, Bernanke, Summers). On the other hand, the lousy ones fail upward, in my opinion precisely by enabling the most socially and environmentally damaging policies, which ingratiates themselves to the least competent and most corrupt decision-makers in business and politics, ie those most willing to reward incompetents. So we hear more from lousy economists so much that it's easy to forget that any exist who know what they're talking about.

But good economists apply two main frameworks to climate change mitigation:

Risk Analysis
http://www.ipcc.ch/publications_and_data/ar4/wg3/en/ch2s2-2-6.html

Cost-Benefit Analysis
http://climateprogress.org/2009/03/30/global-warming-economics-low-cost-high-benefit/

Competent application of either framework clearly indicates swift, dramatic policy change. I think the obstacle is getting any Republican Senator who is not from Maine to pay any attention to any of the competent economists, just as it is to get them to pay any attention to any competent climate scientists. They'd rather pretend "Lord" Chris Monckton has something to contribute to our nation's policy debates.
http://www.capanddividend.org/?q=node/257
About Climate Change
Read the Article at HuffingtonPost

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