Brad Delong shows what a real economist thinks about global warming in the agreeably wonky and disagreeably typo-ridden post here (bolded and reformatted by me):
The self-deluded ... and the vested interests that fear ... the right thing dealing with global warming are …Delong explains why the following three pseudo-economic questions “are largely red herrings”:
the fifth policy-relevant case … in recent years of the political right that claims to love the market system denying and abandoning ... basic principles... It is almost as if their previous advocacy ... for the market system was simply a mask for their vested interests. We have seen this in opposition to doing the right thing
in financial regulation;
in the management of aggregate demand;
in the provision of the right level of social insurance in the long run; and
in shifting the policy mix to partially offset the medium-run rapid rise in inequality.
• Is full employment less attainable if we deal properly with global warming?
• Is rapid productivity growth less attainable if we deal properly with global warming?
• Is an equitable global distribution of wealth less attainable if we deal properly with global warming?