Day: September 1, 2020

The appallingly bad neoclassical economics of climate change

Abstract Forecasts by economists of the economic damage from climate change have been notably sanguine, compared to warnings by scientists about damage to the biosphere. This is because economists made their own predictions of damages, using three spurious methods: assuming that about 90% of GDP will be unaffected by climate change, because it happens indoors; …

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Boat with "Tell the Truth" on it

Taking a Bite Out of That Pie in the Sky

People will not fight for what they do not believe is possible.   People self-select themselves out of the picture and create self-fulfilling prophecies that allow defeat to overwhelm them to the point of inertia.   The Green New Deal requires people to understand we can not only afford but can DO great things. However, that requires the answer to the “how will you pay for this?” question.   Because any thinking human …

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