Why Criticize Economics
Suppose you believe the things that most people who understand the science believe:
that the changes we are imposing on the world are huge and dangerous
that the impacts follow the causes by some decades
that we have a moral obligation not to trash the whole planet in the future
Then suppose you grant that, as an especially egregious op-ed by Holman Jenkins in the Wall Street Journal has it today:
Our political system has been looking at the problem of climate change for a generation, and lack of action is not due to the machinations of big oil – but to the inability of policy to bridge a giant chasm between proposed costs and benefits. [more]