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> economists are drastically underestimating the economic effect of climate change (assuming 90% of GDP won’t be affected because its indoors!) Please, take St
by LudwigNagasena 5y ago
> economists are drastically underestimating the economic effect of climate change (assuming 90% of GDP won’t be affected because its indoors!)
Please, take Steve Keen with skepticism. He is, so to say, an unreliable narrator.
- usednet 5y agoI like Steve Keen. I find his work convincing and practical.
- colinmhayes 5y agoThat's fine. Just know that he's effectively a quack.
- soVeryTired 5y agoIt'd be nice to see a refutation of his arguments, or at least a recognition of them. As it stands I've just seen two ad hominems in a row and not much else.
- LudwigNagasena 5y agohttps://economics.stackexchange.com/questions/43116/did-william-nordhaus-exclude-87-of-economic-industries-from-his-climate-change https://economics.stackexchange.com/questions/43116/did-will... https://economics.stackexchange.com/a/18992/1601 https://economics.stackexchange.com/a/18992/1601
- orwin 5y agoOn this, I've read a critic of Nordhaus (in French) that said basically the same thing. AKA: Nordhaus willfully ignore in his research two major facts: you cannot operate machines with famished workers, and people need to be able to move around to produce value. The impact on GDP will be much higher, especially if agriculture is hit by climate change.
- LudwigNagasena 5y agoIt doesn’t look “basically the same” to me.
- orwin 5y agoI don't know this person that well, i just read his paper linked in this comment page that said similar things on Nordhaus to what I've already read.