Abstract and Keywords
The aim of this article is to consider, from an ethical point of view, the role that economics should play in evaluating climate change strategies. It sets out a view of the strengths and weaknesses of economic evaluation of climate change strategies. The main strength of the economic approach is argued to be the formal framework through which it is able to compare human well-being across time, space, and states of nature, under alternative courses of action. But its main weakness is the substance of that comparison — utility, as the satisfaction of preferences for the aggregate consumption of goods and services. Furthermore, this article draws on the work of John Broome (1999) and Amartya Sen (1987), among others, to argue that the strength of the economic approach lies in its emphasis on interdependence and comparability of changes to human well-being.
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