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A Tide of Horseshit

David Runciman: Climate Change Impasse, 24 September 2015

Why Are We Waiting? The Logic, Urgency and Promise of Tackling Climate Change 
by Nicholas Stern.
MIT, 406 pp., £19.95, May 2015, 978 0 262 02918 6
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Natural Capital: Valuing the Planet 
by Dieter Helm.
Yale, 278 pp., £20, May 2015, 978 0 300 21098 9
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Climate Shock: The Economic Consequences of a Hotter Planet 
by Gernot Wagner and Martin Weitzman.
Princeton, 250 pp., £19.95, February 2015, 978 0 691 15947 8
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... don’t need politics at all. Even Hayek never countenanced that. In Climate Shock, the economists Gernot Wagner and Martin Weitzman give a sense of these risks in their discussion of what they call the ‘free driver problem’. Most of us are familiar with the ‘free rider problem’: the idea that collective action can be destabilised by lazy or ...

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