The Climate Casino: Risk, Uncertainty, and Economics for a Warming World

William Nordhaus’s Climate Casino and Gernot Wagner and Martin L. Weitzman’s Climate Shock are two outstanding pieces of economic analysis that powerfully call for citizens and world leaders to take action on climate change. Both books address three overriding questions: first, they explain why climate change is a pressing issue for the international community; second, they discuss when environmental interventions should be pursued; third, they prescribe suggestions for what those interventions should be. The two works share a common perspective in their The Climate Casino: Risk, Uncertainty, and Economics for a Warming World William Nordhaus (Yale University Press, 392 pp., $20.00) Climate Shock: The Economic Consequences of a Hotter Planet Gernot Wagner & Martin L. Weitzman (Princeton University Press, 264 pp., $27.95)