"System change is now inevitable. Either because we do something about it, or because we will be hit by climate change. '...

"We need to develop economic models that are fit for purpose. The current economic frameworks, the ones that dominate our governments, these frameworks... the current economic frameworks, the neoclassical, the market frameworks, can deal with small changes. It can tell you the difference, if a sock company puts up the price of socks, what the demand for socks will be. It cannot tell you about the sorts of system level changes we are talking about here. We would not use an understanding of laminar flow in fluid dynamics to understand turbulent flow. So why is it we are using marginal economics, small incremental change economics, to understand system level changes?"

Tuesday, November 6, 2007

Hansen

Climate Progress has a link to Hansen's cogent testimony to the Iowa legislature regarding the risks of new coal plants. The figures constituting the second half of that document are especially good.

There's an interesting biography of James Hansen recently posted by NASA.

1 comment:

John Mashey said...

Thanks for Hansen pointer.
Although I didn't see a lot new, it's a really nice, up-to-date package that warps a lot together.