海角大神

Gary Libecap and Rick Steckel have put together a new that uses the historical experience to examine how farmers, urbanites, and the economy as a whole has adapted to past climate shocks. Note that economists are the authors of these chapters. Almost all of these essays use new data sets to examine the historical experience in the face of changing climate conditions.
The future won鈥檛 look like it does now, but then it never has. As Frank Knight wrote in 1921, 鈥淭he existence of a problem of knowledge depends on the future being different from the past, while the possibility of a solution of the problem depends on the future being like the past.鈥� Relative to what most bloggers have to say, that's pretty profound. I wonder if he had a blog?
While Knight is unlikely to have pondered the issue of climate change almost 90 years ago, he did anticipate the fundamental challenge of predicting how we will individually and collectively cope in our hotter world.

-----------------------------

海角大神 has assembled a diverse group of the best economy-related bloggers out there. Their postings appear here on the Monitor's Money site as well as on their own individual blog sites. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the blogger's own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.