Climate change and the intertwined extinction crisis lend themselves to political economy. Joseph Henry Vogel has constructed an argument for bringing the carbon-rich but economically poor countries through the bottleneck of a cowboy economy and into the 'cap and trade' Annex I countries of the Kyoto Protocol. Ecuador serves as the example. 'The Economics of the Yasuni Initiative' is a counterpoint to 'The Economics of Climate Change' by Sir Nicholas Stern on many levels. At the most basic level, Vogel argues that Stern is wrong for his failure to recognize the nature of climate change as...

Climate change and the intertwined extinction crisis lend themselves to political economy. Joseph Henry Vogel has constructed an argument for bringing the carbon-rich but economically poor countries through the bottleneck of a cowboy economy and into the 'cap and trade' Annex I countries of the Kyoto Protocol. Ecuador serves as the example. 'The Economics of the Yasuni Initiative' is a counterpoint to 'The Economics of Climate Change' by Sir Nicholas Stern on many levels. At the most basic level, Vogel argues that Stern is wrong for his failure to recognize the nature of climate change as...