Journal of Economic Perspectives: Vol. 7 No. 4 (Fall 1993)


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Reflections on the Economics of Climate Change

Article Citation

Nordhaus, William D. 1993. "Reflections on the Economics of Climate Change." Journal of Economic Perspectives, 7(4): 11-25.

DOI: 10.1257/jep.7.4.11


My purpose here is to provide a non-technical introduction to the economics of climate change. I will sketch the scientific background and uncertainties, survey the results of existing studies of the impacts of climate change, present a summary of a study of efficient policies to slow global warming, and end with the uncertainties that haunt the entire field.

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Nordhaus, William D. (Yale U)

JEL Classifications

Q25: Renewable Resources and Conservation: Water
Q21: Renewable Resources and Conservation: Demand and Supply (the Commons


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