Worst-Case Economics

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Focusing on the critical need to address extreme risks, this book delves into the shortcomings of public policy that tends to overlook worst-case scenarios in climate change and financial crises. It examines the underlying causes of these severe threats and proposes necessary remedies to mitigate the most serious risks. By emphasizing the importance of preparing for extreme events rather than just average outcomes, it challenges conventional economic thinking and advocates for a more robust approach to policy-making.