Economic Doctrines and Approaches to Climate Change Policy

Atkinson, Robert D. and Hackler, Darrene (2010): Economic Doctrines and Approaches to Climate Change Policy.

Abstract

In climate change, as in all policy issues, economic philosophy has a significant influence on how people view both the problems and the solutions. For the first time, ITIF surveys four dominant schools of economic thought and analyzes how adherents approach policy options for climate change and energy policy. With climate change and major energy legislation stalled, maybe it is time to put aside fixed philosophical notions and take a practical look on ways to address climate change in an economically feasible way. The report reviews the principles and goals of each economic doctrine, and offers a critique of the advantages and limitations of each doctrine's contribution to addressing the challenge of climate change.

• Item Type: MPRA Paper
• Language: English
• Keywords: Innovation; Economics; Climate Change; Public Policy
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B50 - General; A - General Economics and Teaching > A1 - General Economics > A10 - General; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate ; Natural Disasters and Their Management ; Global Warming

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