Monday, 6 January 2014

Chasing Rainbows


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30 Nov 2010 /Ref Amazon
Chasing Rainbows looks at what the commonly held beliefs are about what we should do to avoid, curtail or adapt to global warming and compares them to what we should actually be doing. This is not an argument about the science: Worstall leaves that entirely to others to debate. Rather, what guides and indications can we get from the economics already embedded in such things as the IPCC reports and the Stern Review. The answers will shock some: globalisation is part of the cure for climate change. Recycling of some things certainly saves resources but of domestic waste actually wastes them. Creating green jobs is not a benefit but a cost of our actions. Drawing on the official reports that most agree is the scientific consensus and adding insights from economic theory, Worstall is able to show that much of what we're told we should do to save the planet is in fact wrong, diametrically opposed in many cases to what we should really be doing. It's not only desirable to have a cleaner, greener, richer world, it's also possible, and Worstall lays out what we need to do to achieve this. The 'Bishop Hill' blog recommended that this book 'should probably be gifted to every teenager as they leave the school system', while 'Stumbling and Mumbling' wrote that '...there are some brilliant flourishes. His idiot cousin metaphor for comparative advantage verges on the genius.

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