[✔️] Jan 25, 2024 Global Warming News | Emotionalism, Economics, Econ video talks, Naomi Oreskes on free market econ, 1984 when Regan spoke on environment.

Thu Jan 25 07:27:40 EST 2024

/*January*//*25, 2024*/

/[ The Rundown: Chicago News Podcast - emotionalism ]/
*There’s climate change and then there’s anxiety about climate change*
By Erin Allen
Jan 16, 2024
This Chicago winter is waffling between two extremes: unseasonably warm 
and bitter cold. Either way, it’s getting harder to ignore the evidence 
of climate change in our forecasts and extreme weather, and that can 
bring up any number of hard feelings.

Libby Bachhuber is a licensed clinical social worker and therapist, and 
she wants to give people a space to process their “eco anxiety” by 
hosting “Climate Cafes” around town. She recently collaborated with 
Haven Denson, the Chicago Conservation Corps Coordinator at the Peggy 
Notebaert Nature Museum, to bring a Climate Cafe to the museum.

In this episode, host Erin Allen talks to Denson and Bachhuber about 
processing eco anxiety and leaning into hope for the future.
https://www.wbez.org/stories/the-rundown-dealing-with-the-anxiety-and-emotions-around-climate-change/6d90131b-45ba-40e7-a537-681ed874fa74 

/[ It would be smart to further regulate banks -- ]/
*‘We’re All Climate Economists Now’*
With climate change affecting everything from household finances to 
electric grids, the profession is increasingly focused on how society 
can mitigate carbon emissions and cope with their impact.
By Lydia DePillis
Lydia DePillis attended three days of back-to-back paper presentations 
to absorb the latest economics research.
Jan. 23, 2024
In early January in San Antonio, dozens of Ph.D. economists packed into 
a small windowless room in the recesses of a Grand Hyatt to hear 
brand-new research on the hottest topic of their annual conference: how 
climate change is affecting everything.

The papers in this session focused on the impact of natural disasters on 
mortgage risk, railway safety and even payday loans. Some attendees had 
to stand in the back, as the seats had already been filled. It wasn’t an 
anomaly.

Nearly every block of time at the Allied Social Science Associations 
conference — a gathering of dozens of economics-adjacent academic 
organizations recognized by the American Economic Association — had 
multiple climate-related presentations to choose from, and most appeared 
similarly popular.

For those who have long focused on environmental issues, the 
proliferation of climate-related papers was a welcome development. “It’s 
so nice to not be the crazy people in the room with the last session,” 
said Avis Devine, an associate professor of real estate finance and 
sustainability at York University in Toronto, emerging after a lively 
discussion.
The conference, which is among the economics profession’s biggest, tends 
to be a distillation of what the field is fixated on at any given 
moment, and there’s plenty of evidence that on the heels of the hottest 
year in recorded history, climate is in the spotlight.

There were papers on the local economic impact of wind turbine 
manufacturing, the stability of electricity grids as they absorb more 
renewable energy, the effect of electric vehicles on housing choices, 
how wildfire smoke strains household finances. Others analyzed the 
benefits of a sea wall for flood risk in Venice, the economic drag of 
uncertainty about climate policy, the flow of migrants displaced by 
extreme weather, how banks are exposed to emissions regulations and the 
impact of higher temperatures on factory productivity — just to name a few.
According to the president of the American Finance Association, Monika 
Piazzesi, fully half the papers submitted to her group were about 
environmental, social and governance investing, broadly defined — and 
she didn’t have nearly enough slots to include them all. (Each 
association solicits and selects its own papers for presentation at the 
conference.)

Janet Currie, the incoming president of the American Economic 
Association, chose an environmental economist, Michael Greenstone of the 
University of Chicago, to deliver the conference’s keynote lecture. He 
focused on the global challenge of shifting to renewable energy and the 
corresponding potential to alleviate air pollution that is particularly 
deadly in developing countries like India and Indonesia.

“This isn’t just a series of topics, but it’s a big, interrelated 
problem,” Dr. Currie said. “Not only economists but everybody else is 
realizing that this is a first-order problem, and it’s affecting most 
people in some way. That inspires everyone to want to work on it using 
their own particular lens.”
Or as Heather Boushey, a member of the White House Council of Economic 
Advisers, put it while moderating a panel on the macroeconomics of 
climate change: “We’re all climate economists now.”

It’s not as though economics had ignored climate change. Research going 
back decades has forecast the toll that warming will take on gross 
domestic product — an “externality,” in economics parlance — and 
extrapolated from that a calculation for how much a ton of carbon 
emissions should be taxed.

“There was a period of time in which at least some people would think: 
‘Carbon is an uninternalized externality. We know how to address that,’” 
said Allan Hsiao, an assistant professor at Princeton University. They 
were thinking, “Maybe the issue is important,” he added, “but the 
underlying economics and tensions, the not-so-obvious, subtle 
mechanisms, were not there.”

That perception has changed. A solution preferred by economists, setting 
a cap on carbon emissions and creating a market for trading permits, 
failed in 2009 under the weight of a weak economy, administrative 
complexity and determined opposition. In recent years, a different 
approach has emerged: granting incentives for clean energy production, 
which pays more attention to political realities and the equitable 
distribution of costs and benefits, two themes that have also garnered 
more attention in economics circles lately.

It has also created a collision of new questions, providing fodder for a 
bonanza of dissertation topics. “Now people are realizing that there’s 
just a lot of richness,” Dr. Hsiao explained.
The surge of climate research in economics comes in part from 
established figures who are finding ways to pursue related questions as 
an offshoot of their own specialization. But much of the enthusiasm 
emanates from newcomers to the field who are just now building their 
publication records, learning how to wrangle the universe of geospatial 
data from sources like weather satellites, temperature sensors and 
historical rainfall records.

Take Abigail Ostriker, who is doing a postdoctoral fellowship at Harvard 
before starting as an assistant professor at Boston University this 
summer. She had soured on climate as an area of focus while in college 
during the 2010s, after the death of emissions-trading legislation in 
Congress ushered in a relatively stagnant period for climate policy.

But she picked back up on it in graduate school upon realizing that 
there was ample work in figuring out how societies can deal with the 
effects of climate change — now a new normal, not a faraway threat.

“I felt like climate change is here,” said Dr. Ostriker, who earned her 
degree with a paper on how floodplain regulation in Florida shifted home 
construction. “I’ve been turning my attention to the adaptation side of 
things — where are we going to see these consequences, and what policies 
are going to protect people from the consequences, and are policies 
perhaps going to exacerbate them in perverse ways?”

The emerging generation of climate economists isn’t just bringing new 
ideas and energy. The specialization is drawing more women and people of 
color into economics, helping to change the face of a field that has 
long been notoriously white and male, said Paulina Oliva, an associate 
professor at the University of Southern California who helped select 
papers for the American Economic Association’s program at the San 
Antonio conference.
“That to me has been particularly exciting, because you know how 
difficult it’s been for economics to have diversity,” Dr. Oliva said.

To pull young researchers into the field, it helps that demand for 
climate economists is booming — at colleges and universities, but also 
government agencies, private companies and nonprofit think tanks. A 
website that tracks job postings for academic economists worldwide, 
EconJobMarket.org, shows that 5.5 percent of ads mentioned the phrase 
“climate change” in 2023. That was up from 1.1 percent a decade earlier, 
said Joel Watson, a professor at the University of California, San 
Diego, who runs the site.

Those opportunities include many in the U.S. government, which has been 
embedding climate priorities in a range of agencies since President 
Biden took office in 2021. Climate impacts are now part of the 
cost-benefit analysis of new regulations, factored into economic growth 
projections and reflected in budget forecasts.

The Inflation Reduction Act didn’t set a price on carbon, which 
economists had advocated for decades. But Noah Kaufman, a research 
scholar at Columbia University’s Center on Global Energy Policy, thinks 
its tools could be guided by economic analysis to transform the energy 
system — while cushioning the impact for communities that depend on 
fossil fuel production and making sure the benefits of renewable energy 
investment are broadly shared.

“Economists need to catch up to the policymakers,” said Dr. Kaufman, who 
did a stint working on climate policy at Mr. Biden’s Council of Economic 
Advisers. “It’s unfortunate that we didn’t produce this literature 
decades ago. But given that we didn’t, it’s pretty exciting and a unique 
opportunity to try to be helpful now.”

https://www.nytimes.com/2024/01/23/business/economy/climate-change-economics.html
https://www.nytimes.com/2024/01/23/business/economy/climate-change-economics.html?unlocked_article_code=1.QE0.RmOW.TRu3teeR1_ZV&smid=url-share

/[ Economics - a video discussion ]/
Jan 24, 2024
*Did you know the government doesn’t spend your taxes?*
Welcome to the world of Modern Monetary Theory, a revolutionary way of 
decoding our monetary systems—and making them work better for us. I’m 
joined by Steven Hail, economist and lecturer, who explains, using MMT, 
what we get wrong about money, taxes, inflation and even currency. 
Steven reveals how the notion of states not being able to afford certain 
necessities—like education, health, the green transition—is nonsense, 
explaining how the supply of resources impacts our economy, not running 
a deficit. Alongside debunking a range of money myths, he also reveals 
the fascinating history of taxation as a means to create a citizenry and 
their dependence on a centralised state.

This is a technical episode, but Steven’s explanations are clear and 
concise, and we successfully cover a lot of ground to uncover the real 
relationships between governments, markets and the monetary system they 
swear by.

Episodes referenced include my interviews with:
Fadhel Kaboub: https://youtu.be/1XmCz9Xf79c?si=odQ0u...
Jason Hickel: https://youtu.be/isjWWCRBJBk?si=F0eJP...
Kate Raworth: https://youtu.be/n7jjlKoLuCY?si=o9RXq...

    00:00 Teaser
    00:45 Introduction
    01:18 Guest Introduction: Stephen Hale and Modern Monetary Theory
    03:52 Understanding Monetary Systems and Economic Growth
    10:39 The Misconceptions about Money and Finance
    19:30 The Importance of Real Resources in Economic Transition
    21:14 The Role of Taxation in Monetary Systems
    29:41 The Future of Economic Systems: Post-Growth Economy
    31:37 Understanding Government Spending and Inflation
    37:00 The Birth and Death of Currency
    40:36 The Economy and Biophysical Reality
    46:18 The Impact of U.S. Dollar Hegemony on Global Monetary Systems
    56:20 The Future of Monetary Systems and Global Power Dynamics

https://www.youtube.com/watch?v=GR0HVW0Ktmo

/[ "The Big Myth" of marketplace economics - true story of false idea ]/
*Naomi Oreskes: Politics, propaganda, and free market economics*
Matthew Geleta
Oct 5, 2023  Paradigm Podcast Full Length Episodes
Naomi is a Harvard professor of the history of science, and an 
affiliated professor of Earth and planetary sciences. She’s a leading 
voice on the role of science in society, the reality of anthropogenic 
climate change, and the role of disinformation in blocking climate action.

  #propaganda #economics #politicalscience #capitalism #freemarket

Episode links, show notes and bonus content here: 
https://www.matthewgeleta.com/
Make a one-off donation here: https://bit.ly/donate-to-paradigm
Timestamps:

    0:00:00 Myth of the Free Market
    0:03:15 Adam Smith vs regulation
    0:08:55 Bad incentives vs bad actors
    0:28:40 Arguments for and against regulation
    0:34:25 Are free markets more fair?
    0:44:10 Distrust in government as a cause of free market thinking
    0:53:00 Meme theory of free market thinking
    0:57:50 Ayn Rand & propaganda
    1:01:00 Advice for people in positions of power
    1:09:00 The Entrepreneurial State
    1:14:20 Book recommendations
    1:16:50 Advice for scientists
    1:18:00 Who should represent humanity to an AI superintelligence?

https://www.youtube.com/watch?v=H0wqVY02LBM

/[The news archive - Ronald Reagan spoke plainly - one can see the video ]/
/*January 25, 1984 */
January 25, 1984: In his State of the Union Address, President Ronald 
Reagan says something that would be considered highly controversial by 
the right wing today:

"...[L]et us remember our responsibility to preserve our older resources 
here on Earth. Preservation of our environment is not a liberal or 
conservative challenge, it's common sense."
http://youtu.be/TdMTTlpfNP4 (21:52--22:08)
https://www.youtube.com/watch?v=TdMTTlpfNP4
https://youtu.be/TdMTTlpfNP4?si=f2IPQ-N3vaIwbcHs&t=1315

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