Umm... This ain't rocket science. This really ain't rocket science at all...
Benjamin Wallace-Wells:
Cass Sunstein Wants to Nudge Us: In OIRA’s cost-benefit calculations, the government’s willingness to spend depends on how expensive the damage will be — on what economists call the social cost of carbon. Sunstein and others in the government have spent several months trying to define this cost, and he talked me through the process. One of the most important issues is the discount rate &mdash...
Published on May 17, 2010 10:35