Planet Gore

What Economists Think About Stern

Andrew Lilico, a British economist, has an interesting discussion of the economic aspects of global warming politics over at ConservativeHome.  This is particularly illuminating: 

Now the Stern Review has been subjected to extensive methodological criticism, and I think it’s fair to say that the position amongst economists is something like the following:

  • If we want to do any work on environmental economics for any government agency, we take the results of the Stern Review as given and unquestionable.
  • When we are down the pub, or chatting in meetings with other economists, almost no-one takes any of its results seriously.

Confirmation bias is alive and well in Her Majesty’s Government.

Most Popular

White House

What Is Hillary Clinton Thinking?

When Homer Simpson looks in the mirror, he sees ripped chest muscles and arms like the trunks of beech trees. When Hillary Clinton looks in the mirror, she sees America’s sweetheart. She thinks: America adores me. She thinks: America already chose me to be president once! She thinks: Everyone is comparing me ... Read More
Law & the Courts

Grassley’s Kangaroo Court

So now it looks like next Thursday. On Judge Brett Kavanaugh’s manifestly meritorious nomination to the Supreme Court, what was supposed to be the vote out of the Senate Judiciary Committee this past Thursday now appears to be sliding into a hearing to be held next Thursday. Or, who knows, maybe a Thursday ... Read More