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The Poverty of Economic Reasoning about Climate Change
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The Poverty of Economic Reasoning about Climate Change

Abstract

Economic analysis presents climate change as a collective action problem, a market failure, or a problem about the allocation or distribution of property rights. Mark Sagoff argues that it is none of these. Economic theory cannot provide a useful wayeither a model, method, or metaphorto think about climate change. The reasons to reduce greenhouse gases are not economic, but ethical.

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Sagoff, M., (2010) “The Poverty of Economic Reasoning about Climate Change”, Philosophy and Public Policy Quarterly 30(3/4), 8–15. doi: https://doi.org/10.13021/G8pppq.302010.89

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  • Published on 1 December 2010
  • Pages: 8–15
  • Peer Reviewed

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