Notes from the Editors, July 2009
A new book by economist Frank Ackerman, Can We Afford the Future?: The Economics of a Warming World (Zed, 2009), presents an important and startling thesis: “As the climate science debate is reaching closure, the climate economics debate is heating up. The controversial issue now is the fear that overly ambitious climate initiatives could hurt the economy”(6). With climate-change skeptics losing influence, mainstream economists—always the ultimate ideological defenders of the capitalist system—are stepping into the breach to ensure inaction on global warming. Armed with cost-benefit analyses, they report that saving the planet for its inhabitants may be all very well and good… but it is simply too expensive for the capitalist economy to afford.