New York Times: The Climate Casino: Risk, Uncertainty, and Economics for a Warming World by William D. Nordhaus Yale University Press, 378 pp., $30.00
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Forty years ago a brilliant young Yale economist named William Nordhaus published a landmark paper, The Allocation of Energy Resources, that opened new frontiers in economic analysis.1 Nordhaus argued that to think clearly about the economics of exhaustible resources like oil and coal, it was necessary to look far into the future,...