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Sunday, April 11, 2010

The economics of climate change

Just saw this article in today's New York Times Magazine, written by Paul Krugman. I haven't yet read the whole thing but the crux of his argument seems to be this:

"once you filter out the noise generated by special-interest groups, you discover that there is widespread agreement among environmental economists that a market-based program to deal with the threat of climate change — one that limits carbon emissions by putting a price on them — can achieve large results at modest, though not trivial, cost."

The link to that article: http://www.newyorker.com/reporting/2010/03/01/100301fa_fact_macfarquhar

An interesting tidbit about Krugman, who I know a lot of people love to hate (I'm rather ambivalent). Apparently his wife is also an economist, and the reason for his success. According to a recent New Yorker article, she is the brains behind many of his NY Times columns, edits each of them, and is essentially the reason for his success. Why isn't her name listed alongside his byline?
(that article - here: http://www.newyorker.com/reporting/2010/03/01/100301fa_fact_macfarquhar)

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