The Way Things Break

Or: Levitt and Dubner Keep Digging, Part One

You’d think that the authors of a pop-econ best seller would be familiar with the sunk cost effect. You’d be wrong.

Criticism of Levitt and Dubner’s (L&D from here on) atrocious chapter on climate has been swift and remarkably in-depth. L&D have been shown to have misrepresented everything from the position of their main expertKen Caldeira to alleged global warming caused by solar panels.

Rather than acknowledge that they’ve massively screwed up,  L&D have gone on the attack- they’re trying to dismiss the substantive and largely unanswered critiques of their shoddy work as little more than the response of religious zealots, and refocus media attention to their ‘unconventional, counter-intuitive, boy aren’t we more clever than the conventional wisdom’ trademark insights.

L&D want you to know that this whole climate change problem could be solved at a mere pittance if…

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