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The Stern Review and its critics: economics at work in an interdisciplinary setting
Dalarna University, School of Technology and Business Studies, Economics.
2011 (English)In: Journal of economic methodology, ISSN 1350-178X, E-ISSN 1469-9427, Vol. 18, no 3, 255-270 p.Article in journal (Refereed) Published
Abstract [en]

The Stern Review, Stern (2007), received a lot of attention upon its release. It also resulted in an intense and interesting debate within climate change economics. One of the central issues has been the question of the appropriate discount rate to use and more generally the proper role of ethics in an economic analysis of this kind. Some have argued against incorporating ethical considerations at all, while others argue that Stern did not involve ethics enough. There are also those who question whether Stern provided an economic analysis at all. This paper analyzes Stern (2007) and the surrounding debate from a methodological point of view. Basically three conclusions are reached. First, Stern involves a number of different kinds of interdisciplinarity based on the Mäki (2007) characterization of interdisciplinarity. Second, the interaction of economics and ethics is unavoidable within climate change research. Third, Stern uses a modified version of the standard economic approach to climate change and the deviations are well motivated (i.e. it is still a valuable economic analysis).

Place, publisher, year, edition, pages
London: Routledge , 2011. Vol. 18, no 3, 255-270 p.
Keyword [en]
climate change economics; economic methodology; ethics; interdisciplinarity; the Stern Review
Identifiers
URN: urn:nbn:se:du-6177DOI: 10.1080/1350178X.2011.611026OAI: oai:dalea.du.se:6177DiVA: diva2:520524
Available from: 2011-12-27 Created: 2011-12-27 Last updated: 2012-08-09Bibliographically approved

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CiteExportLink to record
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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • chicago-author-date
  • chicago-note-bibliography
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf