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Trying to Find the Right Approach to Greenhouse Economics
Some Reflections upon the Role of Cost-Benefit Analysis
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Clive L. Spash
Published/Copyright:
May 14, 2016
Abstract
The approach to controlling greenhouse gas emissions suggested by simple neoclassical economic models has appeared in prominent mainstream journals. This entails weighing up the costs of control compared to the benefits of avoiding damages due to global climate change. This paper presents a critique of extending the microeconomic project based methodology to a complex global problem; raising issues of uncertainty and ignorance. An alternative to simple utilitarianism is seen to be necessary and the potential of a deontological approach is argued to be greater with regard to policy decisions concerning future generations.
Published Online: 2016-05-14
Published in Print: 1994-11-01
© 1994 by Lucius & Lucius, Stuttgart
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Articles in the same Issue
- Structured and Unstructured Valuation
- Beyond Costs and Benefits: Weighing Environmental Goods
- Comment on John Foster
- Sind alle Werte vergleichbar?
- Cost-Benefit Analysis and Procedural Values
- Comment on Douglas MacLean
- Trying to Find the Right Approach to Greenhouse Economics
- Comment on Clive L. Spash
- Preferences, Virtues, and Institutions
- Comment on John O’Neill
Articles in the same Issue
- Structured and Unstructured Valuation
- Beyond Costs and Benefits: Weighing Environmental Goods
- Comment on John Foster
- Sind alle Werte vergleichbar?
- Cost-Benefit Analysis and Procedural Values
- Comment on Douglas MacLean
- Trying to Find the Right Approach to Greenhouse Economics
- Comment on Clive L. Spash
- Preferences, Virtues, and Institutions
- Comment on John O’Neill
