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Can We Afford the Future? - The Economics of a Warming World (Hardcover)
Loot Price: R2,952
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Can We Afford the Future? - The Economics of a Warming World (Hardcover)
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According to many scientists, climate change is a growing threat to
life as we know it, requiring a large-scale, immediate response.
According to many economists, climate change is a moderately
important problem; the best policy is a slow, gradual start, to
avoid spending too much. They can't both be right. In this book,
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 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. If we
can't afford the future, what are we saving our money for? Can we
Afford the Future? is part of The New Economics series, which uses
the ideas behind a new, more human economics to provide a fresh way
of looking at major contemporary issues.
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