Thread by @Jumpsteady

Watch @ProfSteveKeen, Professor of economics at @KingstonUni, talking at the @OECD conference “Averting Systemic Collapse”, as he strongly criticises 2018 Nobel price laureate William #Nordhaus, who described a 4° temperature rise against preindustrial as “optimal”.

[THREAD 1/7]

“So-called climate conomists have been making up their own estimates. They assumed that the observed variations of economic activitiy (GDP) with climate (temp) over space holds over time as well. Sounds very clever but it’s incredibly stupid.”
— Professor Steve Keen

[THREAD 2/7]

“That is outrageously stupid. And not just stupid in some academic exercise. This is threatening the existence of human society!
If anybody is going to bring capitalism undone, it’s going to be the economists who wrote this research.”
— Professor Steve Keen

[THREAD 3/7]

“Last ice age was about 4° below the average of 1951-80. North from NYC and most of Northern Europe were under 1 km of ice. According to Nordhaus' prediction that would reduce global GDP by 3.6%. He deserves to be laughed at not given a Nobel price.”
—@ProfSteveKeen

[THREAD 4/7]

Professor Steve Keen suggests to remove all economists from the IPCC or at least appoint non-mainstream economists.

“What is happening because we are not doing this is, that climate change denialists are using the IPCC to justify trivialising.”
— @ProfSteveKeen

[THREAD 5/7]

“We should only be using data from the climate scientists themselves including the work that Will Steffen and others did to identify tipping points. So-called climate economists distracted us from the important challenge. Time to shut them down.”
— @ProfSteveKeen

[THREAD 6/7]

You watched excerpts of a presentation held at the OECD meeting on 18.09.2019 in Paris. You can find the full talk here:

If you’d like to see the presentation by Will Steffen about tipping points, please continue here:

https://twitter.com/jumpsteady/status/1163718889139818496?s=21

[THREAD 7/7]