Godard, Olivier - In: Revue d'économie politique 117 (2007) 4, pp. 475-506
Applauded by several Nobel-price winners (Mirrlees, Sen, Solow, Stiglitz) the Stern review has been soon exposed to severe criticisms of other economists, noticeably North-American. The core of those criticisms targets choices of the discount rate and the way uncertainty and adaptation of future...