Saturday, April 11

A former university chancellor who doesn't understand the broken window fallacy

Earth & Sky should be embarrassed:
Dr. Carnesale said – even in a tough economy like we’re seeing in 2009 – limiting carbon emissions might lead to economic opportunities.

Albert Carnesale: Well, for example, should we have a price on carbon that’s emitted in to the atmosphere, carbon dioxide? If the answer to that is yes, in one way or another, whether it’s a tax or a cap and trade program, that will open opportunities for alternative energy sources in ways that are not currently, economically viable. That’s new kinds of jobs, new kinds of research and development.
The research shows otherwise. Or just consider the broken window fallacy.

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