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by fluentmundo
1556 days ago
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Are you saying the article didn't mention global warming? You didn't read carefully enough. Climate is one of the things the author accuses the economist Diane Coyle of relegating to the "margin": "All the same, her title cannot help but evoke other, perhaps more frightening monsters—ecological breakdown, deadly pandemics, secular stagnation, rising inequality, authoritarian resurgence—that her analysis relegates to the margins when it mentions them at all." In the section on the book by Elizabeth Popp Berman, the author of the piece lays emphasis on the way the "economic style" has been involved in "downplaying, avoiding, exacerbating, and denying" dealing with carbon emissions: "This was the first step in the marketization of pollution rights that ultimately led to cap-and-trade approaches to ozone regulation; economists would propose the very same approach to climate for years, leading to a spectacular failure of implementation in the United States and negligible impact on emissions in Europe to date. As the Intergovernmental Panel on Climate Change recently reiterated, the costs of this comprehensive failure have been staggering." |
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