New Books in Economics cover image

John Quiggin, "Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly" (Princeton UP, 2019)

New Books in Economics

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Consideration of Carbon Charges and the History of Macroeconomics

This chapter discusses the concept of proper depreciation charges for carbon-heavy activities, as well as the history of macroeconomics from Alfred Marshall to the dominance of the Chicago school. The speakers emphasize the need to account for the full cost to the planet and the challenges of implementing carbon charges.

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