4.7 • 822 Ratings
🗓️ 15 October 2018
⏱️ 41 minutes
🧾️ Download transcript
The media is delighted that William Nordhaus shared this year's Nobel Prize in economics. Why, he warns about the damage likely to be caused by climate change, just as we do! Not so fast, alarmists. Not so fast.
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0:00.0 | Contra Krugman, episode 160. |
0:05.4 | Welcome to the podcast that takes apart Paul Kruikman's New York Times column. |
0:10.1 | Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the |
0:14.8 | arrows of Kruikman. |
0:16.0 | Nobel Prize winner, newspaper columnist, and destroyer of nations. |
0:20.1 | It's time for Contra Krukman. |
0:24.1 | Folks, how many times have your friends and coworkers lectured you for being such a naive |
0:29.4 | libertarian when everybody knows deregulation caused the financial crisis of 2008? You've got to be able |
0:37.3 | to blow that out of the water, and you can |
0:39.8 | with my free e-book, The Deregulation Boogieman. Check it out at regulation myths.com. |
0:48.2 | Hi, everybody, Tom and Bob here with another episode of Contra Krugman. We are talking today |
0:51.9 | about the Nobel Prize winners who were announced |
0:54.8 | earlier this week. They are William Nordhaus and Paul Romer. Primarily, though, we're talking |
1:00.7 | about Nordhaus because it so happens that Nordhaus is particularly well known these days for some |
1:08.4 | work he's done in an area in which Bob has also done a lot of work, |
1:12.8 | and that has to do with the economics of climate change. He's also written on the carbon tax, |
1:17.7 | but we can certainly, we want to make particular mention of what he has to say about targets, |
1:24.9 | let's say, for global warming and what would be acceptable and whatnot, |
1:30.1 | because there's some interesting contradictions here between what Nordhaus is saying. |
1:34.1 | And, well, anyway, look, I don't want to suck the whole episode into my opening remarks. |
1:38.2 | So, Bob, let's first note that at contracruigman.com slash 160, we're going to have a couple of pieces by Bob. |
1:46.8 | One of them's a peer-reviewed paper, and the other one is a short piece, Bob, that you wrote just the other day for the Institute for Energy Research, so that you can follow up on what we're saying. |
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