Worst-Case Economics - Extreme Events in Climate and Finance

In both climate change and financial crises, worst-case scenarios and disastrous risks are inescapable. Yet public policy often focuses on average or likely outcomes, minimizing the danger of extreme events. 'Worst-Case Economics: Extreme Events in Climate and Finance' explores the underlying causes and the remedies needed for the most serious climate and financial risks.

List of contents

List of Figures; 1. Introduction; 2. Steam-engine economics; 3. Beyond homo economicus; 4. Big and dirty; 5. Pictures of improbability; 6. Trillions, or only hundreds?; 7. Zipf's law and other stories; 8. Ants and traders; 9. Too big to ignore; 10. Climate tipping points and known unknowns; 11. Predators and prey; 12. Good enough for government work; 13. Fat tails and the failure of forecasting; 14. Misunderstanding risk; 15. Choices beyond calculation; 16. Who won World War II?; 17. Conclusion; Acknowledgments; Bibliography; Index.

About the author

Frank Ackerman is an economist whose extensive research and writing focus on climate change and energy, environmental policy and cost-benefit analysis.

Product details

• Authors: Frank Ackerman, Ackerman Frank
• Publisher: Anthem Press
• Languages: English
• Product format: Paperback / Softback
• Released: 20.09.2018
• EAN: 9781783087136
• ISBN: 978-1-78308-713-6
• No. of pages: 210
• Series: Anthem Frontiers of Global Pol; Anthem Frontiers of Global Political Economy and Development; Climate Change: Science, Policy and Implementation
• Subjects: Social sciences, law, business > Business > Miscellaneous; Nature / Environmental Conservation & Protection, Finance, BUSINESS & ECONOMICS / Economic History, POLITICAL SCIENCE / Political Economy, BUSINESS & ECONOMICS / Economics / Theory, POLITICAL SCIENCE / Public Policy / Environmental Policy, BUSINESS & ECONOMICS / Environmental Economics, BUSINESS & ECONOMICS / Finance / General, POLITICAL SCIENCE / Public Policy / Economic Policy, Economic theory & philosophy, Environmental Economics, Political Economy, Economic & financial crises & disasters, Economic and financial crises and disasters, Central / national / federal government policies, Environmental policy & protocols, Central government policies, Economic theory and philosophy, Environmental policy and protocols, Finance and the finance industry