Gernot Wagner: Climate Change and New Models of Growth 3/6

The video discusses the effectiveness of old economic paradigms, emphasizing that politics, not lack of economic thinking, hinders progress. It highlights the Clean Air Act's positive impact on GDP and productivity, showing significant economic benefits. The video also examines consumer behavior regarding fuel-efficient cars and the influence of politics on gasoline tax decisions.

In what way does the speaker suggest that the Clean Air Act has been misrepresented in economic discussions?

What example does the speaker provide to illustrate consumer behavior regarding fuel-efficient cars?

What does the speaker imply about the need for new economic thinking in relation to politics?