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Full-Text Articles in Behavioral Economics
Ethics And The Economist: What Climate Change Demands Of Us, Julie A. Nelson
Ethics And The Economist: What Climate Change Demands Of Us, Julie A. Nelson
Economics Faculty Publication Series
Climate change is changing not only our physical world, but also our intellectual, social, and moral worlds. We are realizing that our situation is profoundly unsafe, interdependent, and uncertain. What, then, does climate change demand of economists, as human beings and as professionals? A discipline of economics based on Enlightenment notions of mechanism and disembodied rationality is not suited to present problems. This essay suggests three major requirements: first, that we take action; second, that we work together; and third, that we focus on avoiding the worst, rather than obtaining the optimal. The essay concludes with suggestions of specific steps …
Podcast: Economic Expressions: A Conversation With The Economist Julie Nelson, Julie A. Nelson
Podcast: Economic Expressions: A Conversation With The Economist Julie Nelson, Julie A. Nelson
Economics Faculty Publication Series
No abstract provided.
Economists, Value Judgments, And Climate Change: A View From Feminist Economics, Julie A. Nelson
Economists, Value Judgments, And Climate Change: A View From Feminist Economics, Julie A. Nelson
Economics Faculty Publication Series
A number of recent discussions about ethical issues in climate change, as engaged in by economists, have focused on the value of the parameter representing the rate of time preference within models of optimal growth. This essay examines many economists' antipathy to serious discussion of ethical matters, and suggests that the avoidance of questions of intergenerational equity is related to another set of value judgments concerning the quality and objectivity of economic practice. Using insights from feminist philosophy of science and research on high reliability organizations, this essay argues that a more ethically transparent, real-world-oriented, and flexible economic practice would …