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[–] 6 points 4 months ago (2 children)

Didn’t some economist joker get a Nobel prize for saying the climate disaster wouldn’t cause much economic harm?

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  • [–] [S] 4 points 4 months ago

    He did. By assuming that damage was proportional to the fraction of the economy that a given sector represents. Which is an ok representation at very small amounts of warming. But when temperatures rise, the fact that the agriculture sector was, say, 3% of the economy, doesn't mean that damage is only 3% when the amount of food goes to zero.

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