ABSTRACT
The aim here is to state the problem of this research. Based on a review of economic research on climate change, it is argued that radical uncertainty, the uncertainty inherent in the human condition, is not adequately addressed by the critical assumptions underlying conventional economic modelling, in particular the social cost-benefit analysis (SCBA). This is supported by an illustration of a controversy between leading economists William Nordhaus and Nicolas Stern. Following Dan Rodrik’s approach to economics, the critical assumptions underlying SCBA are questioned, resulting in the necessity for alternative assumptions to address more properly radical uncertainty. After an overview of economic literature on radical uncertainty, the study chooses a theological track to investigate alternative critical assumptions. There follows a review of eco-theology, which leads to the work of Jonathan Sacks.
