Get this: Economics being based on voodoo, and Nordhouse being as clueless as any on the *reality* of climate change, his analysis is ridiculous even to a layperson. It's one only an orthodox economist could love. Keen is correct.
Nordhaus not "remotely realistic". Maybe. Virtue of DICE is simplicity & transparency. Nordhaus is serious about updating damage func with empirical data. But unitary utilitarian view is a woefully small window into climate policy. Page from my book https://keith.seas.harvard.edu/a-case-climate-engineering … https://twitter.com/RonBaiman/status/1206762306715209728 …pic.twitter.com/XL1Zz6vUoB
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Even an orthodox Neoclassical economist shouldn't love it. When the world comes to know how bad the work of "climate change economists" like Nordhaus is, that'll do far more to discredit Neoclassical economics than any amount of academic criticismhttps://www.patreon.com/posts/32307709
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