William D. Nordhaus

Climate change is profoundly altering our world in ways that pose major risks to human societies and natural systems. We have entered the Climate Casino and are rolling the global-warming dice, warns economist William Nordhaus. But there is still time to turn around and walk back out of the casino, and in this essential book the author explains how.div /DIVdivBringing together all the important issues surrounding the climate debate, Nordhaus describes the science, economics, and politics involved—and the steps necessary to reduce the perils of global warming. Using language accessible to any concerned citizen and taking care to present different points of view fairly, he discusses the problem from start to finish: from the beginning, where warming originates in our personal energy use, to the end, where societies employ regulations or taxes or subsidies to slow the emissions of gases responsible for climate change./DIVdiv /DIVdivNordhaus offers a new analysis of why earlier policies, such as the Kyoto Protocol, failed to slow carbon dioxide emissions, how new approaches can succeed, and which policy tools will most effectively reduce emissions. In short, he clarifies a defining problem of our times and lays out the next critical steps for slowing the trajectory of global warming./DIV

Risk, Uncertainty, and Economics for a Warming World

The Climate Casino

Paul Anthony Samuelson

Basic concepts; Microeconomics: supply, demand, and product markets; Factor markets: labor, land, and capital; Applied microeconomics: international trade, government, and the environment; Macroeconomics: economic growth and business cycle; Growth, development, and the global economy; Unemployment, inflation, and economic policy.

Economics

Michael J. Mandel

A Version of Economics

Macroeconomics

This text presents a clear and accurate introduction to economics. This edition features material on the economics of the information age, has a revised treatment of international economics and uses real-world examples to discuss concepts.

WILLIAM D AUTOR NORDHAUS

Contains chapter overview and outline, learning objectives, key concept review, helpful hints, multiple choice questions and problem solving questions

From a Nobel Prize–winning pioneer in environmental economics, an innovative account of how and why “green thinking” could cure many of the world’s most serious problems—from global warming to pandemics Solving the world’s biggest problems—from climate catastrophe and pandemics to wildfires and corporate malfeasance—requires, more than anything else, coming up with new ways to manage the powerful interactions that surround us. For carbon emissions and other environmental damage, this means ensuring that those responsible pay their full costs rather than continuing to pass them along to others, including future generations. In The Spirit of Green, Nobel Prize–winning economist William Nordhaus describes a new way of green thinking that would help us overcome our biggest challenges without sacrificing economic prosperity, in large part by accounting for the spillover costs of economic collisions. In a discussion that ranges from the history of the environmental movement to the Green New Deal, Nordhaus explains how the spirit of green thinking provides a compelling and hopeful new perspective on modern life. At the heart of green thinking is a recognition that the globalized world is shaped not by isolated individuals but rather by innumerable interactions inside and outside the economy. He shows how rethinking economic efficiency, sustainability, politics, profits, taxes, individual ethics, corporate social responsibility, finance, and more would improve the effectiveness and equity of our society. And he offers specific solutions—on how to price carbon, how to pursue low-carbon technologies, how to design an efficient tax system, and how to foster international cooperation through climate clubs. The result is a groundbreaking new vision of how we can have our environment and our economy too.

The Economics of Collisions and Contagions in a Crowded World

The Spirit of Green

Renowned economist William Nordhaus has developed many innovative approaches for analyzing complex environmental questions. He applies them to the possible phaseout of nuclear power in Sweden in The Swedish Nuclear Dilemma: Energy and the Environment. While making a major contribution to that debate, this book has value that extends well beyond the Swedish issue, to the careful and well-informed consideration of environmental and energy questions that industrialized nations and developing regions now face. It is essential for anyone interested in nuclear-power issues and climate change. The Swedish parliament has moved closer to eliminating nuclear energy, even while repeating commitments to reduce the greenhouse-gas emissions associated with fossil fuels. Nordhaus's Swedish Energy and Environmental Policy (SEEP) model quantifies the economic results of such a path. He analyzes the impact of factors such as deregulation of electricity generation, global climate-change policies, the decline of Sweden's economic growth, and the rethinking of its welfare state. He also sets the stage for more informed analysis of similarly difficult issues where economic and environmental goals clash.

Energy and the Environment

The Swedish Nuclear Dilemma

Provides a detailed analysis of the DICE model (Dynamic Integrated model of Climate and the Economy) as well as an extensive analysis of the model's results.

The Economics of Climate Change

Managing the Global Commons

Joseph Boyer

This book presents in detail a pair of models of the economics of climate change. The models, called RICE-99 (for the Regional Dynamic Integrated model of Climate and the Economy) and DICE-99 (for the Dynamic Integrated Model of Climate and the Economy) build on the authors' earlier work, particularly their RICE and DICE models of the early 1990s. Humanity is risking the health of the natural environment through a myriad of interventions, including the atmospheric emission of trace gases such as carbon dioxide, the use of ozone-depleting chemicals, the engineering of massive land-use changes, and the destruction of the habitats of many species. It is imperative that we learn to protect our common geophysical and biological resources. Although scientists have studied greenhouse warming for decades, it is only recently that society has begun to consider the economic, political, and institutional aspects of environmental intervention. To do so raises formidable challenges of data modeling, uncertainty, international coordination, and institutional design. Attempts to deal with complex scientific and economic issues have increasingly involved the use of models to help analysts and decision makers understand likely future outcomes as well as the implications of alternative policies. This book presents in detail a pair of models of the economics of climate change. The models, called RICE-99 (for the Regional Dynamic Integrated model of Climate and the Economy) and DICE-99 (for the Dynamic Integrated Model of Climate and the Economy) build on the authors' earlier work, particularly their RICE and DICE models of the early 1990s. They can help policy makers design better economic and environmental policies.

William D. Nordhaus

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