When idiot savants do climate economics
Christopher Ketcham writes: William Nordhaus, who turned 82 this year, was the first economist in our time to attempt to quantify the cost of climate change. His climate-modeling wizardry, which won him the Nobel Memorial Prize in Economic Sciences in 2018, has made him one of the world’s most consequential thinkers. His ideas have been adopted by the Intergovernmental Panel on Climate Change, the U.S. Environmental Protection Agency, global risk managers, the financial services industry, and universities worldwide that teach…