Our very own David Maddison was interviewed talking about discount rates. Richard Tol and Stern himself also appear.
The programme can be listened to by clicking this link.
The Investigation
BBC Radio 4's new documentary series that gets inside the stories that matter to people and is not afraid to challenge.
Simon Cox looks at the debate over global warming in this country. In October 2006, the Government published The Stern Review on the economics of climate change. But is the report worth the acclaim it got?
The related news story can be found here:
Running the rule over Stern's numbers
Richard Tol is a professor at both Hamburg and Carnegie Mellon Universities, and is one of the world's leading environmental economists.
The Stern Review cites his work 63 times; but that does not mean he agrees with it.
"If a student of mine were to hand in this report as a Masters thesis, perhaps if I were in a good mood I would give him a 'D' for diligence; but more likely I would give him an 'F' for fail.
"There is a whole range of very basic economics mistakes that somebody who claims to be a Professor of Economics simply should not make," he told The Investigation on BBC Radio 4.
Nasty. I may have gone as high as a C or even a B as there is no doubt that some serious work went into the report. Shame about the basic mistakes but these should not detract from the importance of the story.
There will be a Workshop on the Stern Report at the University of Birmingham on the 9th March 2007 with external speakers of the highest quality. Details later but it will be open to academics and non-academics.
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