Reflections on the 2018 Nobel Memorial Prize Awarded to William Nordhaus

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This paper discusses some ethically relevant aspects of William Nordhaus’s contribution to climate change policy evaluation. Nordhaus's approach can shed light on one—but only one—dimension of the climate change problem. His boldest claims notwithstanding, there is nothing particularly "optimal" about the temperature increases associated with his most famous modeling choices.
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Archival date: 2019-08-28
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