Doseofreality, March 29, 2010 (view all comments by Doseofreality)
Cool-headed analysis of a number of fascinating issues from an economic perspective. The authors' analysis of so-called “global warming” is right on target. Sadly, a lot of people were sucked in by the fraud, chiefly by the efforts of the scientific illiterate Al Gore. There is far more uncertainty about climate than the alarmists were willing to admit, and as the Climategate scandal has now revealed. Its chief players at the University of East Anglia were part of an international cover-up to fudge climate data and then impugn the integrity of those with whom they disagreed, even to the point of ostracizing them from the professional journals to maintain a united front of deceit. Sadly, a lot of people fell prey to the deception. Global warming hysteria is largely a secular religion, and a reflection of the phenomenon of "presentism," an inordinate preoccupation with the here and now rather than a health historical perspective. In the 1970, the presentists were driven by fears of global cooling. There's no middle ground for presentists--just hysteria and hyperbole.
The facts are these. Global temperatures have fallen within a range of about 3 degree C for at least the past 3,000 years, if not longer. With the slight uptick in globally –averaged temperatures since 1900 of 0.74 degrees C (U.N. IPCC 2007 Summary for Policymakers), temperatures are still slightly below the 3,000-year average. Moreover, the 20th century’s climate history shows that in roughly 80 of the 100 years, temperatures did not move in response to CO2. From 1914-1945, when CO2 was not a factor, temperatures were up by about 0.4 degrees C. From 1945-1978, temperatures were down by about 0.3 degrees C in the face of rising CO2. It is only in the period from 1979-1998 that temperatures rose along with C02, by about 0.35 degrees C. This is the only period in which both CO2 and temperatures rose. But correlation does not equal causation. Since 1998, temperatures have declined slightly in the face of moderately rising CO2. Since CO2 will continue to rise as a bi-product of increased industrial activity, and since climate is subject to a variety of cyclical forces, we will continue to have periodic intervals when the two will appear to be in sync. But the notion that CO2 is the cause of rising temperatures is just a theory, and a ragged one at that based on the observational data of the 20th century, as well as the broader temperature record.
We are emerging from the Little Ice Age, a prolonged period of cooler temperatures that prevailed from about 1350 to 1850. Temperatures were hotter in the Medieval Warm Period, a fact that Michael Mann (implicated in the Climategate scandal) tried to dismiss with his infamous hockey stick graph. While the U.N. has dropped the hockey stick graph its reports, Al Gore continues to employ it in his pseudo-scientific slide show.
Climate reflects broad cyclical forces far more powerful than CO2 rise, including sun spot activity, the earth’s elliptical orbit, and its axial tilt. Moreover, it is subject to an amazingly complex self-regulating mechanism that adjusts to increases in CO2 and other so-called greenhouse gases.
The hysteria that accompanied the “global warming” scare will go down as one of the greatest scientific hoaxes of all time. It is more religion than scientific fact. It might have remained a matter of interesting scientific speculation and investigation had not politicians and those with an overt political agenda of command and control attempted to commandeer it to enforce a draconian regime of cap and trade legislation that would, if enacted, constitute a severe case of economic masochism on the world’s economies.
Levitt and Dubner have it exactly right, as does a rising tide of honest scientists.
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Lynn Parks, October 17, 2009 (view all comments by Lynn Parks)
Why would you recommend a book that so grossly mischaracterizes climate change and its threats? At the least, your recommendation should include a warning that much of the "climate cooling" chapter is being challenged by responsible scientists. See the Union of Concerned Scientists' Web site, www.ucsusa.org. Click on global warming, science and impacts, global warming contrarians.
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William Morrow & Company -
Challenge your thinking and take a break from analyzing the current economic climate. Levitt and Dubner entertain us again with smart storytelling that offers interesting insights into human behavior. Are people hardwired for altruism or selfishness? Can eating a kangaroo save the planet? Find the superfreaky answers within.
"Publishers Weekly Review"
by Publishers Weekly,
"Economist Levitt and journalist Dubner capitalize on their megaselling Freakonomics with another effort to make the dismal science go gonzo. Freaky topics include the oldest profession (hookers charge less nowadays because the sexual revolution has produced so much free competition), money-hungry monkeys (yep, that involves prostitution, too) and the dunderheadedness of Al Gore. There's not much substance to the authors' project of applying economics to all of life. Their method is to notice some contrarian statistic (adult seat belts are as effective as child-safety seats in preventing car-crash fatalities in children older than two), turn it into 'economics' by tacking on a perfunctory cost-benefit analysis (seat belts are cheaper and more convenient) and append a libertarian sermonette (governments 'tend to prefer the costly-and-cumbersome route'). The point of these lessons is to bolster the economist's view of people as rational actors, altruism as an illusion and government regulation as a folly of unintended consequences. The intellectual content is pretty thin, but it's spiked with the crowd-pleasing provocations — ''A pimp's services are considerably more valuable than a realtor's'' — that spell bestseller." Publishers Weekly (Copyright Reed Business Information, Inc.)
by Kirkus Reviews,
"Jaunty, entertaining and smart. Levitt and Dubner do a good service by making economics accessible, even compelling."
The highly anticipated, explosive follow-up to the blockbuster Freakonomics offers another groundbreaking collaboration between Levitt and Dubner, an award-winning author and journalist.
A Nobel laureate reveals the often surprising rules that govern a vast array of activities — both mundane and life-changing — where money plays little or no role.
A Nobel laureate reveals the often surprising rules that govern a vast array of activities — both mundane and life-changing — in which money may play little or no role.
If you’ve ever sought a job or hired someone, applied to college or guided your child into a good kindergarten, asked someone out on a date or been asked out, you’ve participated in a kind of market. Most of the study of economics deals with commodity markets, where the price of a good connects sellers and buyers. But what about other kinds of “goods,” like a spot in the Yale freshman class or a position at Google? This is the territory of matching markets, where “sellers” and “buyers” must choose each other, and price isn’t the only factor determining who gets what.
Alvin E. Roth is one of the world’s leading experts on matching markets. He has even designed several of them, including the exchange that places medical students in residencies and the system that increases the number of kidney transplants by better matching donors to patients. In Who Gets What — And Why, Roth reveals the matching markets hidden around us and shows how to recognize a good match and make smarter, more confident decisions.
by Harper Collins,
Freakonomics lived on the New York Times bestseller list for an astonishing two years. Now authors Steven D. Levitt and Stephen J. Dubner return with more iconoclastic insights and observations in SuperFreakonomics—the long awaited follow-up to their New York Times Notable blockbuster. Based on revolutionary research and original studies SuperFreakonomics promises to once again challenge our view of the way the world really works.
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