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Can We Afford the Future? The Economics of a Warming World

In Can We Afford the Future?, Frank Ackerman offers a refreshing look at the economics of climate change, explaining how the arbitrary assumptions of conventional theories get in the way of understanding this urgent problem.  The benefits of climate protection are vital but priceless, and hence often devalued in economists’ cost-benefit calculations. Preparation for the most predictable outcomes of global warming is less important than protection against the growing risk of catastrophic change; massive investment in new, low carbon technologies and industries should be thought of as life insurance for the planet. Ackerman makes an impassioned plea to construct a better economics, arguing that the solutions are affordable and the alternative is unthinkable.  After all, if we can't afford the future, what are we saving our money for?

Author(s): Frank Ackerman
Tags: Can We Afford the Future climate change
Categories: Regulatory Policy Regulatory Policy

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