Posted by Jonathan Adler:
Ecologists vs. Economists:
http://volokh.com/archives/archive_2007_09_16-2007_09_22.shtml#1190207074


   In a [1]column discussing the debate over [2]Bjorn Lomborg's Cool It
   (which I reviewed [3]here), John Tierney notes that some of Lomborg's
   sharpest critics have not been the best prognosticators themselves:

     Yes, Dr. Lomborg thinks like an economist instead of a climate
     scientist, and he doesn�t have a degree in climatology. His argue
     that his lack of climatological expertise makes him an unreliable
     guide for foreseeing the consequences of a warmer world, but I
     think these critics are ignoring history. They claim to be taking
     in the big picture, to be foreseeing great trends over the next
     century, but they�re missing one of the most valuable lessons from
     the past half century: when it comes to getting the big picture
     right, when it comes to preparing for environmental catastrophes,
     economists have a better track record than the scientists who
     specialize in analyzing environmental trends.

   Tierney notes that one of the experts who attacked Lomborg's Skeptical
   Environmentalist in the pages of Scientific American, John Holdren,
   conveniently ignored his own prior arguments on resource scarcity.

     He reviewed Dr. Lomborg�s chapter on energy, which reviewed the
     history of energy scares and predicted there would be not dire
     shortages and dramatic price increases in the future. Dr. Holdren
     began his critique by complaining that Dr. Lomborg was �asking the
     wrong question� because environmentalists had known for decades
     that there was no danger of energy being in short supply. This
     struck me as as odd bit of revisionist history, given both the
     �energy crisis� rhetoric of the 1970s and Dr. Holdren�s own bet
     that resources would become more scarce. Then, in the rest of the
     critique, Dr. Holdren faulted Dr. Lomborg for not paying enough
     attention to the reasons that there could be future problems with
     energy supplies.

   I and others found Holdren's criticism particularly amusing because
   Scientific American itself had recently published articles forecasting
   the imminent depletion of energy supplies. When challenged on this
   point, [4]SciAm's editor tried to explain that the articles were about
   the depletion of "affordable" energy, not energy supplies themselves
   -- yet this is the precise argument that Lomborg addressed in his
   book.

References

   1. http://tierneylab.blogs.nytimes.com/2007/09/18/economists-v-ecologists/
   2. 
http://article.nationalreview.com/?q=MGUxMGMyNzBkZjA4MTVjMWQyYmM0MzM0M2I3NDg1ZTg=
   3. 
http://article.nationalreview.com/?q=MGUxMGMyNzBkZjA4MTVjMWQyYmM0MzM0M2I3NDg1ZTg=
   4. http://home.earthlink.net/~jhadler/sciam.html

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