From a Nobel Prize-winning pioneer in environmental economics comes an innovative account of how "green thinking" could address many of the world's most pressing issues, including climate change and pandemics. Tackling these challenges necessitates new methods for managing the complex interactions that influence our environment. This involves ensuring that those responsible for carbon emissions and environmental damage bear the full costs, rather than passing them on to others, including future generations. The author presents a fresh perspective on green thinking that can help us confront major challenges without sacrificing economic growth, largely by addressing the spillover costs of economic activities. The discussion spans the history of the environmental movement to contemporary initiatives like the Green New Deal, highlighting how green thinking offers a hopeful outlook on modern life. Central to this approach is the understanding that our interconnected world is shaped by numerous interactions, rather than isolated actions. By re-evaluating concepts such as economic efficiency, sustainability, and corporate social responsibility, the author outlines how we can enhance societal effectiveness and equity. Specific solutions are proposed, including strategies for carbon pricing, promoting low-carbon technologies, designing efficient tax systems, and fostering international climate cooperation. Ultimately, this work prese
William D. Nordhaus Book order (chronological)
William Nordhaus is an American economist renowned for his groundbreaking work integrating climate change into economic analysis. His research focuses on developing quantitative models that explore the intricate interactions between human society, the economy, and climatic impacts. Through his tenure at Yale University and the creation of innovative analytical tools, he has fostered a deeper understanding of the economic consequences of climate change and policy interventions, such as carbon taxes. His influence extends from academia to shaping economic policy.
The 2018 Nobel laureate for economics examines the intricate politics and economics of climate change, offering pathways to effective solutions. Climate change is drastically reshaping our world, presenting significant risks to human societies and natural systems. Economist William Nordhaus warns that we have entered the Climate Casino, rolling the dice on global warming. However, he asserts that there is still time to reverse course. In this essential work, Nordhaus addresses the critical issues surrounding the climate debate, detailing the science, economics, and politics involved, along with necessary actions to mitigate global warming risks. He communicates in accessible language, presenting various viewpoints fairly, and traces the problem from its roots in personal energy consumption to the broader societal measures—such as regulations, taxes, and subsidies—aimed at curbing harmful emissions. Nordhaus provides a fresh analysis of the shortcomings of past policies, like the Kyoto Protocol, and outlines new strategies that can succeed. Ultimately, he clarifies this pressing issue of our time and delineates the crucial steps needed to slow the progression of global warming.
An introduction to modern economic principles, this edition features a new chapter on open economy economics. There is continued emphasis in this text on the analytical core of economics with particular attention paid to the analysis of market economics.
Economics,17e,by Samuelson and Nordhaus,is the classic text which set the standard for principles of economics texts when it was introduced in 1948. This text has been the standard-bearer in principles books for over 50 years,presenting a clear,accurate,and interesting indroduction to economics. Bill Nordhaus is now the primary author of this modern treatment of economics which has been thoroughly updated.
