Martin Weitzman
| Martin Weitzman | |
|---|---|
| Born |
April 1, 1942 New York City |
| Nationality | American |
| Institution | Harvard University |
| Field | Environmental economics |
| School or tradition |
Environmental economics |
| Alma mater |
Massachusetts Institute of Technology Stanford University Swarthmore College |
| Information at IDEAS / RePEc | |
Martin Lawrence "Marty" Weitzman (born April 1, 1942) is an economist and a Professor of Economics at Harvard University. He is among the most influential economists in the world according to IDEAS/RePEc. His current research is focused on environmental economics, specifically climate change and the economics of catastrophes.
Weitzman received a B.A. in Mathematics and Physics from Swarthmore College in 1963. He went on to receive an M.S. in Statistics and Operations Research from Stanford University in 1964, and then attended Massachusetts Institute of Technology where he received a Ph.D. in Economics in 1967.
Weitzman's research has covered a wide range of topics including Environmental and Natural Resource Economics, Green Accounting, Economics of Biodiversity, Economics of Environmental Regulation, Economics of Climate Change, Discounting, Comparative Economic Systems, Economics of Profit Sharing, Economic Planning, and Microfoundations of Macro Theory.
Much of Weitzman's research is focused on climate change. Traditional cost-benefit analysis of climate change looks at the costs of reducing global warming (the cost of reducing greenhouse gas emissions) versus the benefits (potentially stopping or slowing climate change). However, in most analyses, the damages that would stem from dramatic climate change are not taken into consideration. Weitzman has added dramatic climate change to the cost-benefit analysis to show that immediate measures must be taken in regards to climate change regulation.
Weitzman's past research was focused on fixed versus profit sharing wages and their effect on unemployment. He proposed that when firms use profit sharing wages, meaning employees receive higher wages when a company is doing well, firms have lower rates of unemployment and do better during recessions.
...
Wikipedia