Perils of Comparative Statics

ABC News: A World Without Chocolate?

“If nothing was done, and the temperature was to rise, and the rainfalls were to change and drought became more prevalent … without looking into new farming practices, then there should be a problem, and there might likely be a problem,” he said.

In other words, if we suspend all the known laws of capitalist economics, and if we have very nasty climate change and everyone keeps their behavior utterly unchanged as a result…

No. I have enough to worry about. We may well have global warming, but we'll still have profit-maximization. This is not going on the list.

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