03 Jun Question Frank Ackerman (Real World Micro, 11.7) mak
Question
Frank Ackerman (Real World Micro, 11.7) makes four arguments for aggressive action to stop global warming. Evaluate each of his arguments from the perspective of a young person, an elderly person without children, and a middle-aged person with children. Which arguments might each find persuasive? Which arguments might each dismiss? http://frankackerman.com/publications/costbenefit/Law_Economics_Warming%20World.pdf
The four arguments are Your grandchildren’s lives are important; We need to buy insurance for the planet; Climate damages are too valuable to have prices; Some costs are better than others
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