Martin L. Weitzman

Martin L. Weitzman was an influential American economist known for his work on environmental economics and risk theory. He is particularly recognized for his ideas on how to address climate change, emphasizing the importance of uncertainty in predicting its impacts. Weitzman advocated for policies like carbon pricing and the use of market-based approaches to manage environmental challenges. His notable "fat-tailed" risk model highlighted that rare, high-impact events could have significant consequences, underscoring the need for proactive measures. Throughout his career, Weitzman contributed to understanding how economics shapes our responses to pressing global issues.