I am grateful to share this award with Ben, and I am even more grateful for the example Paul Douglas set for ethics in government that has guided countless public officials since his day and also shaped the public’s expectation that its leaders will put the public’s interests first.
Some of its assumptions were criticised, such as the discount rate it used to estimate economic costs, which was very low and thus – like The Limits to Growth – likely to neglect potential mitigating and feedback effects, such as those connected with technical progress.