economists help regulators focus on costs: silly us

Written by Ken
08/27/2008
First came the headsup about weaknesses in the computer models economists use to forecast the impacts of global warming…they’re not worth the bits they’re stored in. For whatever reason (poor science, bad luck, who knows), these computable general equilibrium models simply don’t perform well in predicting what actually happens in our economy. So, when you hear that [...] Read more...