Pricing climate change
Bibliographic Data
| ID | 7354238 |
|---|---|
| Authors | Partha Dasgupta (University of Cambridge, corresponding author) |
| Year | 2014 |
| Volume | 13 |
| Issue | 4 |
| Pages | 394-416 |
| Publication date | 2014-08-13 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Politics Philosophy & Economics (JOURNAL) |
| Journal identifiers | ISSN: 1470-594X • E-ISSN: 1741-3060 |
| Publisher | SAGE Publishing (PUBLISHER • US) |
| DOI | 10.1177/1470594x14541521 |
| OpenAlex | W2119929306 |
| Language | EN |
| Citations received | 1 |
| References cited | 45 |
In developing the basis on which climate change should be priced, I do five things. First, I review the ethical foundations for valuing future consumption relative to present consumption (i.e. social discount rates). Second, I report that the criterion for both assessing and prescribing economic policies should not be an economy's GDP, but an inclusive measure of an economy's wealth adjusted for the distribution of wealth. Third, I apply the resulting analysis to the problem of pricing carbon concentration in the atmosphere. I give prominence to future uncertainties. Fourth, I show that the existing models of human behaviour on the basis of which these questions have been analysed by economists have serious deficiencies, in as much as the idea of personhood embodied in them has been built on the psychology of confirmed egotists. Fifth, I sketch the motivations of a social being and show how the altered specification of the human person affects the social price of climate change
Climate change · Consumption (sociology · Distribution (mathematics · Economics · Embodied cognition · Epistemology · Personhood · Political science · Positive economics · Public economics · Sketch · Social science · Sociology · Climate Change Policy and Economics · Decision-Making and Behavioral Economics · Psychological Well-being and Life Satisfaction
Income, saving, and the theory of consumer behavior
Aspects of the theory of risk-bearing
Choice, Welfare, and Development
Social Limits to Growth
Warming the World
Eating Out
Climate Change Policy
Stationary Ordinal Utility and Impatience
Bandwagon, Snob, and Veblen Effects in the Theory of Consumers' Demand
Sustainability and the measurement of wealth
Uncertain Lifetime, Life Insurance, and the Theory of the Consumer
A Review of the Stern Review on the Economics of Climate Change
Discounting climate change
Net national product, wealth, and social well-being
An Inquiry into Well-Being and Destitution
Development as Freedom
On Modeling and Interpreting the Economics of Catastrophic Climate Change
Solidarity Goods
Happiness and Economic Performance
Counting the Cost of Global Warming
Smooth it Like the ‘Joneses’? Estimating Peer‐Group Effects in Intertemporal Consumption Choice
A Mathematical Theory of Saving
Conspicuous Consumption, Inconspicuous Leisure
Foundations of Revealed Preference
From identity to solidarity
Religious Practice
| Citations per year | 0.1 |
|---|---|
| Citation span | 2016 - 2016 (1) |
| Highly cited | No |