From a Nobel Prize-winning pioneer in environmental economics, an innovative account of how and why "green thinking" could cure many of the world's most serious problems-from global warming to pandemics

Solving the world's biggest problems-from climate catastrophe and pandemics to wildfires and corporate malfeasance-requires, more than anything else, coming up with new ways to manage the powerful interactions that surround us. For carbon emissions and other environmental damage, this means ensuring that those responsible pay their full costs rather than continuing to pass them along to others, including future generations. In The Spirit of Green, Nobel Prize-winning economist William Nordhaus describes a new way of green thinking that would help us overcome our biggest challenges without sacrificing economic prosperity, in large part by accounting for the spillover costs of economic collisions.

In a discussion that ranges from the history of the environmental movement to the Green New Deal, Nordhaus explains how the spirit of green thinking provides a compelling and hopeful new perspective on modern life. At the heart of green thinking is a recognition that the globalized world is shaped not by isolated individuals but rather by innumerable interactions inside and outside the economy. He shows how rethinking economic efficiency, sustainability, politics, profits, taxes, individual ethics, corporate social responsibility, finance, and more would improve the effectiveness and equity of our society. And he offers specific solutions-on how to price carbon, how to pursue low-carbon technologies, how to design an efficient tax system, and how to foster international cooperation through climate clubs.

The result is a groundbreaking new vision of how we can have our environment and our economy too.

About the Author
William D. Nordhaus, the winner of the 2018 Nobel Prize in Economics, is the Sterling Professor of Economics and Professor in the School of the Environment at Yale University. His many books include The Climate Casino: Risk, Uncertainty, and Economics for a Warming World and A Question of Balance: Weighing the Options on Global Warming Policies. He lives in New Haven, Connecticut.

Reviews
"William D. Nordhaus, Winner of the Nobel Prize in Economics"
"One of Foreign Affairs' Best Books"
"A Project Syndicate Commentators' Best Reads of the Year"
"Winner of the Silver Medal in Philanthropy / Nonprofit / Sustainability, Axiom Business Book Awards"
"A Choice Outstanding Academic Title of the Year"
"Nordhaus's green compendium is rational and balanced. . . . The author of The Spirit of Green clearly cares intensely about the climate, believes economics offers answers, and sees some welcome positive trends."---Richard Beales, Reuters Breakingviews
"A compelling read, and a highly recommended up-to-date guide to the economics of the environment and climate change."---Bejoy K. Thomas, Current Science
"In this superb analysis, Nordhaus (Yale Univ.), Nobel laureate in economics, contends that addressing environmental problems should not inhibit economic growth. . . . Highly recommended." * Choice *



Book Information
ISBN 9780691214344
Author William D. Nordhaus
Format Hardback
Page Count 368
Imprint Princeton University Press
Publisher Princeton University Press