The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World

Paperback / softback

Main Details

Title The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World
Authors and Contributors      By (author) William D. Nordhaus
Physical Properties
Format:Paperback / softback
Pages:320
Dimensions(mm): Height 235,Width 156
Category/GenreMacroeconomics
Environmental economics
Global warming
ISBN/Barcode 9780691226392
ClassificationsDewey:658.4083
Audience
General
Illustrations 33 b/w illus. 19 tables.

Publishing Details

Publisher Princeton University Press
Imprint Princeton University Press
Publication Date 20 April 2021
Publication Country United States

Description

From a Nobel Prize-winning pioneer in environmental economics, an innovative account of how and why "green thinking" could cure many of the world's most serious problems - from global warming to pandemics Solving the world's biggest problems - from climate catastrophe and pandemics to wildfires and corporate malfeasance - requires, more than anything else, coming up with new ways to manage the powerful interactions that surround us. For carbon emissions and other environmental damage, this means ensuring that those responsible pay their full costs rather than continuing to pass them along to others, including future generations. In The Spirit of Green, Nobel Prize-winning economist William Nordhaus describes a new way of green thinking that would help us overcome our biggest challenges without sacrificing economic prosperity, in large part by accounting for the spillover costs of economic collisions. In a discussion that ranges from the history of the environmental movement to the Green New Deal, Nordhaus explains how the spirit of green thinking provides a compelling and hopeful new perspective on modern life. At the heart of green thinking is a recognition that the globalized world is shaped not by isolated individuals but rather by innumerable interactions inside and outside the economy. He shows how rethinking economic efficiency, sustainability, politics, profits, taxes, individual ethics, corporate social responsibility, finance, and more would improve the effectiveness and equity of our society. And he offers specific solutions-on how to price carbon, how to pursue low-carbon technologies, how to design an efficient tax system, and how to foster international cooperation through climate clubs. The result is a groundbreaking new vision of how we can have our environment and our economy too.

Author Biography

William D. Nordhaus, the winner of the 2018 Nobel Prize in Economics, is the Sterling Professor of Economics and Professor in the School of the Environment at Yale University. His many books include The Climate Casino: Risk, Uncertainty, and Economics for a Warming World

Reviews

William D. Nordhaus, Winner of the Nobel Prize in Economics