It's time to call out the most dangerous assumption in the history of economics.
By Jag Bhalla for Open Mind magazine
“….Even as climate
researchers sound the alarm, leading economists have issued their own forecasts
that make our situation look far less dire than it is. These economic
projections are built on flawed mathematical models and a deeply misleading
approach to data analysis, but they have proved devastatingly influential.
Faced with two types of predictions, physics versus economics, policymakers
have unsurprisingly chosen the one that justifies an easier, urgency-denying
path. The challenge for us all—citizens, leaders, and academics alike—is to
call out the mathematical, logical, and moral errors built into the economic
forecasts before it’s too late.”
Much more at: https://www.openmindmag.org/articles/bad-math-is-steering-us-toward-climate-catastrophe
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