Climate Casino

William Nordhaus, winner of the 2018 Nobel Prize in Economics and Sterling Professor of Economics at Yale University, has studied and written extensively about global warming for four decades. He lives in New Haven, CT.

“A one-stop source on global warming, seen through the prism of a brilliant economist.”—Fred Andrews, New York TimesSelected as one of the best books of 2013 by the Financial Times“Nordhaus is arguably the world’s leading thinker on the economics of global warming. . . . His conclusion is clear: Acting to stop climate change costs money. Ignoring the problem costs more. . . . Ultimately, this message, delivered by a number-crunching economist rather than a morally outraged environmentalist, may prove far more effective in making the case for action.”—Coral Davenport, New York Times Book Review“When we have a disjunction between scientific consensus and popular perception—that should light a fire under those of us in the news media. An excellent basis for discussion is the new book The Climate Casino by William Nordhaus.”—Nicholas Kristof, New York Times“Provides a comprehensive stocktaking of the possibilities and consequences of global climate change, all of which can be summed up in one sentence: ‘Global warming is a trillion-dollar problem requiring a trillion-dollar solution.’”—Sheridan Jobbins, World Economic Forum“The economic focus of this book should provide a valuable insight into the challenges and barriers that must be overcome for planners and policy makers.”—Alexander Waller, The Biologist“Few economists have worked as hard on such problems as William Nordhaus, and in this new book, he’s on top form.”—Jonathan Wright, Geographical MagazineWinner of the 2013 American Publishers Awards for Professional and Scholarly Excellence (PROSE), in the Economics categoryWon an Honorable Mention for the 2013 New England Book Festival given by the JM Northern Media Family of Festivals, in the General Non-Fiction Category“Nordhaus is the world’s clearest, best informed and most serious thinker on climate change policy. There is more insight and good sense advice in this volume than in many libraries. This book should be as central to climate policy debates as climate change is to humanity’s future.”—Lawrence H. Summers, Charles W. Eliot University Professor and President Emeritus at Harvard University“The Climate Casino is one of the most important books ever written about global warming. . . . It deals with the problem (climate change and its consequences including economic) and with the solution (primarily a suitable price for carbon). It does so with wonderful clarity.”—Thomas E. Lovejoy, George Mason University and The H. John Heinz Center for Science, Economics, and the Environment“The Climate Casino is a tour de force and will make a real impact in the popular literature on climate change. . . . It brings together all of the important strands of the debate. . . . The book is without peer.”—Charles Kolstad, Stanford University“Bill Nordhaus is one of the world’s pioneers in applying economic reasoning to the harrowing problem of climate change. Before there was the UN climate treaty, the recent rounds of IPCC reports, and the Stern Review, there was Nordhaus’ path-breaking thinking, modeling, and research on the subject. His new book, The Climate Casino, marks a long-awaited update and synthesis of this work for the public and students everywhere. His core conclusion—that we must act and act now—is carefully explained with Nordhaus’ trademark vigor, clarity, and thoughtfulness.”—Jeffrey D. Sachs, director of The Earth Institute, Quetelet Professor of Sustainable Development, and professor of Health Policy and Management at Columbia University“Professor Nordhaus objectively analyzes impacts and costs of global climate change. Through insightful analyses and prescriptions grounded in economics, he proposes ways to meet the immense challenge of slowing future changes. A great book!”—Ralph J. Cicerone, president, National Academy of Sciences