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Shattered Consensus: The True State of Global Warming should be required reading for any serious student of the issue of climate change. Edited and introduced by iconoclastic climatologist Patrick J. Michaels, Shattered Consensus demonstrates the remarkable disparities between so-called consensus documents on global warming, such as the reports of the United Nations' Intergovernmental Panel on Climate Change, and climate reality. Shattered Consensus consists of nine expert essays on global warming, covering the earth's temperature history and disparities between what has been predicted about climate change and what has actually been observed. The reader will discover substantial disconnections and new information not generally discussed in mainstream reports about climate science. For example, the oft-quoted statement that recent years are the warmest of the last millennium is now in serious doubt. Temperature changes observed through the atmosphere (not just at the surface) are clearly different than what has been projected to occur. Disparities between observed precipitation and the simulations of computer models can be several hundred percent. Shattered Consensus will surely shatter commonly-held opinions about global warming and leave the reader with serious questions about whether or not policies to 'fight' climate change are warranted at all.

Shattered Consensus: The True State of Global Warming should be required reading for any serious student of the issue of climate change. Edited and introduced by iconoclastic climatologist Patrick J. Michaels, Shattered Consensus demonstrates the remarkable disparities between so-called consensus documents on global warming, such as the reports of the United Nations' Intergovernmental Panel on Climate Change, and climate reality. Shattered Consensus consists of nine expert essays on global warming, covering the earth's temperature history and disparities between what has been predicted about climate change and what has actually been observed. The reader will discover substantial disconnections and new information not generally discussed in mainstream reports about climate science. For example, the oft-quoted statement that recent years are the warmest of the last millennium is now in serious doubt. Temperature changes observed through the atmosphere (not just at the surface) are clearly different than what has been projected to occur. Disparities between observed precipitation and the simulations of computer models can be several hundred percent. Shattered Consensus will surely shatter commonly-held opinions about global warming and leave the reader with serious questions about whether or not policies to "fight" climate change are warranted at all.

Once upon a time, economists saw capital account liberalization--the free and unrestricted flow of capital in and out of countries--as unambiguously good. Good for debtor states, good for the world economy. No longer. Spectacular banking and currency crises in recent decades have shattered the consensus. In this remarkably clear and pithy volume, one of Europe's leading economists examines these crises, the reforms being undertaken to prevent them, and how global financial institutions might be restructured to this end. Jean Tirole first analyzes the current views on the crises and on the reform of the international financial architecture. Reform proposals often treat the symptoms rather than the fundamentals, he argues, and sometimes fail to reconcile the objectives of setting effective financing conditions while ensuring that a country "owns" its reform program. A proper identification of market failures is essential to reformulating the mission of an institution such as the IMF, he emphasizes. Next he adapts the basic principles of corporate governance, liquidity provision, and risk management of corporations to the particulars of country borrowing. Building on a "dual- and common-agency perspective," he revisits commonly advocated policies and considers how multilateral organizations can help debtor countries reap enhanced benefits while liberalizing their capital accounts. Based on the Paolo Baffi Lecture the author delivered at the Bank of Italy, this refreshingly accessible book is teeming with rich insights that researchers, policymakers, and students at all levels will find indispensable.