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David Friedman on climate change
January 15, 2013 @ 14:00 - 15:30
The debate on climate change is a very polarized one, but between the “Climate Change Is Real So Let’s Do Something And Do It Fast Or We’re All Gonna Die” camp and the “Your Science is Fake, Climate Change Ain’t Happening” camp there are moderates like our speaker Professor David Friedman.
Even if we accept that climatologists’ projections are correct, there is no need to jump to conclusions about drastic reductions in carbon emissions and devoting valuable resources to production of energy in relatively inefficient ways. Professor Friedman will discuss the problems of rational response to the issue of climate change, including how to estimate net externalities as a basis for policy.
Professor of Law at Santa Clare University, California, and son of renowned economists Milton and Rose Friedman, David Friedman is a leading libertarian advocate of anarcho-capitalism. His first political book, The Machinery of Freedom (1973), is a libertarian classic in which he develops an alternative system of competitive government, in place of existing monopoly governments. An expert in the economic analysis of law, his subsequent publications, including Law’s Order: What Economics Has to Do with Law and Why It Matters (2000) have focused on the legal structures most conducive to prosperity. Responding to common criticisms about ‘market failure,’ Professor Friedman explains how government action greatly suffers from similar problems, and that, between the alternatives of government and market solutions to economic allocation, the latter is much more dynamic and benign.