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Pessimism overrules logic on our macroeconomic future & this imperils us all

I posted this on FaceBook on 27th August, 2015 but current events in world equity markets invite a repost and some further comments. Quote:

“There is hysteria over the alleged “China slowdown”. 7% growth in an economy that has been growing at 8-10% for a decade is substantial growth.

Do the arithmetic.

Incomes of 100 […]

Book review of “climate Shock”

Draft of a book review of Gernot Wagner & Martin L. Weitzman, Climate Shock: The economic Consequences of a Hotter Planet, Princeton University Press, Princeton, 2015. Comments very welcome.

This is a brief, non-technical and rather witty introduction to the economic implications of global warming. It will be easy reading for resource economists but […]