Climate change, economic truths and the limits to growth | Other News

The recent awarding of the Nobel Prize in Economics to William Nordhaus was hailed by most mainstream outlets as a pro-climate action decision, but this shows how limited people’s appreciation of the threats arising from current models of growth truly are. The economic mainstream does not see perpetual growth as having any negatives in itself; the world economy can continue growing indefinitely, with tweaks on the margins to account for market failures and external costs. But climate scientists know the world does not work like that.

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