Tipping points—elements of the Earth's climatic system that can be flipped from one state to another with a relatively minor change in temperature, and which could then cause major and abrupt changes in the climatic system itself—are a key concern for climate scientists (Lenton et al. 2023, p. 36). One of leading scientists in this field is Tim Lenton from Exeter University in the UK, and in 2008 he conducted a survey of experts on what were then regarded as the nine major and most vulnerable such tipping points—see Table 15.105F
They also forget/ignore financial tipping points. What happens when significant amounts of property and infrastructure become uninsurable? At least I can still get flood insurance for my 6th floor apartment! If neoclassical economists want to get some “empirical” numbers, they could try asking actuaries.
I have found the Swedish Bank prize makes a funny acronym: SRPiESiMoAN. I shall refer to all SRPiESiMoAN laureates as such.
They also forget/ignore financial tipping points. What happens when significant amounts of property and infrastructure become uninsurable? At least I can still get flood insurance for my 6th floor apartment! If neoclassical economists want to get some “empirical” numbers, they could try asking actuaries.
I have found the Swedish Bank prize makes a funny acronym: SRPiESiMoAN. I shall refer to all SRPiESiMoAN laureates as such.
Nice one! And yes, that lot are into fantasy rather than fact