posted on 1993-11-01, 00:00authored byLester B. Lave
Few economists are aware of a wonderful problem. While climatologists claimed it first, the twists and turns make- the problem appear almost as if it were devised to show off the tools and controversies of microeconomics. Even more astounding is the fact that such an abstract, long-term problem excites the interest of the general public and media, and even politicians who desire more resources 1O be spent on research.