The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World

Nobel Prize-winning economist William Nordhaus offers a new way of green thinking that accounts for the spillover costs of economic collisions, providing a compelling and hopeful new perspective on modern life. He suggests rethinking economic efficiency, sustainability, politics, profits, taxes, individual ethics, corporate social responsibility, finance, and more to improve the effectiveness and equity of society.

Format: Paperback / softback
Length: 368 pages
Publication date: 20 June 2023
Publisher: Princeton University Press

Solving the world's most pressing issues, such as climate change, pandemics, wildfires, and corporate wrongdoing, necessitates developing innovative approaches to managing the complex interactions that surround us. This includes ensuring that those responsible for carbon emissions and other environmental harm bear the full cost of their actions rather than passing them on to others, including future generations.

Nobel Prize-winning economist William Nordhaus presents a novel perspective on green thinking in his book, The Spirit of Green. He argues that this approach can help us overcome our biggest challenges while preserving economic prosperity, largely by accounting for the spillover costs of economic collisions.

Nordhaus discusses the history of the environmental movement and the Green New Deal in his book, providing a comprehensive and hopeful view of modern life. He emphasizes that the globalized world is shaped by countless interactions within and outside the economy, and proposes rethinking economic efficiency, sustainability, politics, profits, taxes, individual ethics, corporate social responsibility, finance, and more to improve the effectiveness and equity of society.

He offers specific solutions on pricing carbon, pursuing low-carbon technologies, designing an efficient tax system, and fostering international cooperation through climate clubs. The result is a groundbreaking new vision of how we can have a thriving environment while addressing the pressing challenges of our time.

Dimension: 235 x 156 (mm)
ISBN-13: 9780691233512