During the recent boom in the world economy, many western developed countries, of varying political complexion, adopted neoliberal welfare policies and deregulated labour markets. For the unemployed these reforms were characterised by contracting-out of labour exchange functions (public...

The social cost of carbon (SCC) is a monetary measure of the harms from carbon emission. Specifically, it is the reduction in current consumption that produces a loss in social welfare equivalent to that caused by the emission of a ton of CO2. The standard approach is to calculate the SCC using...