The attached text formed the basis for my opening contribution, and also some later remarks, at the discussion that followed the 2008 Clare Distinguished Lecture in Economics and Public Policy, given in Cambridge, England, on 14 May 2008. The lecturer was Professor Mohan Munasinghe, a Vice-Chair...

There is currently a consensus amongst the political establishment - and amongst the intellectual communities that feed into it - that detailed and wide-ranging government intervention is necessary to combat the effects of climate change. This monograph challenges that consensus. The authors...