Author Archives: Wei

Assignment 1

1.According to the authors, neo-classical economists believes that the most effective way to impede challenges face by climate change is by charging emitters full cost of emission of greenhouse gases.

2.Neoclassical economist assumes according to Adam Smith, people want to maximize their own gains, needs, thus to be led by an invisible driving force that will promote the public interest as a collective whole of individuals.  According to the authors, it’s true in most cases of generalization, but untrue in the researches done on human behaviorism.