| Science, Public Policy and Global Warming: Rethinking the Market-Liberal Position
Dolan, Edwin G.
Cato Journal, Fall 2006, pp445-468
"In this article, the author takes a contrarian position, not so much with respect to the science of climate change as with respect to the arguments used by market liberals in support of their message of comfort and complacency. One problem area concerns the proper use of scientific evidence in reaching conclusions regarding public policy. A second problem concerns the use of cost-benefit analysis. Third, the literature on global warming is often weakly rooted, if rooted at all, in the core principles of classical liberalism from which modern market liberalism has evolved. Market liberals should keep arguments based on comparisons of costs and benefits in proper perspective. The market-liberal position should be distinct from a conservative position that defends unjustly acquired privileges. Market liberals should keep a clear head when it comes to the relationship between science and public policy." Edwin G. Dolan teaches economics at the Stockholm School of Economics, Riga, and the University of Economics, Prague.
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