"He's a snake in the grass, I tell ya guys; he may look dumb but that's just a disguise; he's a mastermind in the ways of espionage." Charlie Daniels, "Uneasy Rider" Weitzman - TT's Lost in Tokyo

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Let`s recreate the Paleocene! Giant snakes, "fat tails", cost-benefit analysis and climate change; Weitzman replies to Nordhaus by TokyoTom

Giant snakes? What could a few colossal bones found in Colombia have to do with us now? 1. A recent paper in Nature about the discovery of several specimens of a giant snake ("Titanoboa") that lived in Latin America 60 million years ago captured...

More on Manzi/Cato on climate by TokyoTom

A few days ago I concluded that Jim Manz i’s lead essay in Cato Unbound's new climate issue exhibited rather weak “libertariarian sinews” . Allow me to note a few additional remarks on Manzi`s arguments. 1. It's clear from Manzi's...

Jim Manzi/Cato on climate: with flabby "libertariarian sinews", he advocates no panic, but domestic climate science and technology investments by TokyoTom

[UPDATE: See my follow-up post .] Cato Unbound's new climate issue features a lead essay by Jim Manzi , who is an MIT- and Wharton-trained statistician and CEO of Applied Predictive Technologies (which uses pattern recognition and optimization models...

Paul Krugman: "The only way we’re going to get action ... is if those who stand in the way of action come to be perceived as not just wrong but immoral." by TokyoTom

Paul Krugman reaches the above conclusion in his August 1 New York Time op-ed , which asks "Can This Planet Be Saved?" , while discussing the latest work by economists on the cost-benefit analsys of taking action to mitigate potential climate...

Bob Murphy punts on whether "Cap and Trade" is a "market solution" by TokyoTom

In response to my comments last month to Bob Murphy 's June 4 blog post, Cap and Trade Is Not a "Market Solution" , Bob has kindly noted on the blog thread his intention not to let my comments on his post remain the last word: Just following...

[Updated] Bob Murphy heroically nitpicks the CBA model of reluctant carbon tax advocate, William Nordhaus by TokyoTom

Bob Murphy , an economist at Rob Bradley 's Institute for Energy Research , has posted on the main Mises Blog a link to a paper that he has submitted to an economic journal, " Rolling the DICE: Nordhaus' Dubious Case for a Carbon Tax "...

Comment to Bob Murphy on whether "Cap and Trade" is a "market solution" by TokyoTom

I copy below comments I made on June 11 (Tokyo time) on Bob Murphy 's June 4 blog post, Cap and Trade Is Not a "Market Solution" , that have apparently been held up for moderator approval (perhaps because my three links triggered the blog's...

Richard Tol and Marty Weitzman on The Costs of Ignoring Carbon by TokyoTom

There is a new paper out by economist Richard Tol that summarizes all of the economic work on climate change over the past two decades, in light of recent analyses, particularly the ground-breaking new work by Harvard's Marty Weitzman on how the "fat...

"Heroic" contrarians, proven wrong on AGW, make another slick cry for relevance at Bali by TokyoTom

On the main blog, Sean Corrigan posts the latest missive of what he considers the brave dissenting voices on climate science. http://blog.mises.org/archives/007541.asp . The letter nods briefly at the concerns summarized by the IPCC reports about warming...