Pretty damning reporting of an insanely stupid yet Nobel prize winning model. I encourage everyone to read it: > The third of Nordhaus’s errors is related to s

Pretty damning reporting of an insanely stupid yet Nobel prize winning model. I encourage everyone to read it: > The third of Nordhaus’s errors is related to similarly simplistic formulas. Nordhaus calculates GDP of a particular location as fundamentally related to the temperature of that place. So, if in 2023 it’s a certain temperature in London, and the GDP in London is such-and-such, it’s reasonable to assume that when latitudes north of London rise in temperature in the future, GDP will rise to be the same as London’s today.