if this is true, what the article says then were are all fucked. politics and economy are listening to impostors and thus making up their policy as they go along ... this nordhaus guy received a substitute nobel price for his theories ... unbelievable ...
Nordhaus calculates GDP of a particular location as fundamentally related to the temperature of that place. So, if in 2023 it’s a certain temperature in London, and the GDP in London is such-and-such, it’s reasonable to assume that when latitudes north of London rise in temperature in the future, GDP will rise to be the same as London’s today.
what about his fellow scientists? didn't anybody ever contradict?
The fourth fatal error Nordhaus makes is the most farcical. In a 1991 paper that became a touchstone for all his later work, he assumed that, because 87 percent of GDP occurs in what he called “carefully controlled environments” — otherwise known as “indoors” — it will not be affected by climate. Nordhaus’s list of the indoor activities free of any effects from climate disruption include manufacturing, mining, transportation, communication, finance, insurance, real estate, trade, private sector services, and government services.