Carlo C. Jaeger: Climate Change and New Models of Growth 2/6

The speaker discusses the importance of adhering to time limits and critiques old economic thinking, which views the economy as a single equilibrium system with unavoidable tradeoffs. He advocates for new economic thinking that emphasizes coordination and multiple equilibria, which can lead to better outcomes. The speaker highlights the challenges in policy-making and research, using examples from Germany and Japan, and concludes by acknowledging contributors to a related book.

What is the serious condition mentioned regarding the answer to the question posed?

What does the speaker suggest is necessary for effective climate policy?

How does the speaker describe the old economic thinking in relation to the climate problem?

According to the speaker, what is the problem of climate policy characterized by?

What does the speaker imply about the current state of human resources in relation to economic potential?

What is the speaker's view on the relationship between research and solving complex problems?

What insights does the speaker provide regarding Japan's energy use and economic potential?