Just a quick comment, without having read the posting yet. One graph calls GDP per capita "wealth." The correct interpretation of per cap GDP is "standard of living." Wealth is something else, it's the value of assets owned -- e.g., home equity, stocks, and other property.
Yes, agreed. In the literature GDP is used as a proxy for wealth, though that distinction is not always made clear. In a subsequent post on this topic I'll show how actual measures of wealth are used in these methods.
These posts are excellent recaps of some of the work you have been doing for years. Unfortunately our current set of policy makers ignore the findings and vilify you personally for your efforts. The only way to turn this around is to elect new policy makers whom are capable of thinking and acting rationally.
Climate experts speak of increased frequency and intensity of these events. How does it correlate with economic losses?
Just a quick comment, without having read the posting yet. One graph calls GDP per capita "wealth." The correct interpretation of per cap GDP is "standard of living." Wealth is something else, it's the value of assets owned -- e.g., home equity, stocks, and other property.
Yes, agreed. In the literature GDP is used as a proxy for wealth, though that distinction is not always made clear. In a subsequent post on this topic I'll show how actual measures of wealth are used in these methods.
These posts are excellent recaps of some of the work you have been doing for years. Unfortunately our current set of policy makers ignore the findings and vilify you personally for your efforts. The only way to turn this around is to elect new policy makers whom are capable of thinking and acting rationally.
Thanks ... By the growing readership here, I think that many policy makers are actually paying attention to these issues. At least I hope so!