"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?"

Wednesday, April 30, 2008

Water, Climate Change, Texas

For reasons that need not concern us I was unable to attend but I should mention the existence of this meeting. I contented myself with mentioning sea level rise in the comments to the Statesman article and in an email exchange with one of the principals.

My other point in those comments about emissions being distorted by production is supported by this new Purdue map, with a hat tip to Dr. Bunny.

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