According to Sinn (Univ. of Munich, Germany), in their zeal to design "green" policies, potiticians have neglected the supply side of the climate change problem and have focused instead on demand-side policies. Therefore, his goal is to make readers aware of the "green paradox" and to make an affirmative case for addressing global warming by focusing on sensible supply-side policies. Sinn explains that the mere announcement of intentions to fight global warming can and has led to increased extraction of fossil fuels, making the world warmer faster. This is the "green paradox." He then suggests that "source taxes" be used to fight global warming. The basic idea here is straightforward. If resource owners convert their natural capital into financial assets too quickly, then steps ought to be taken to make their natural capital more attractive or, equivalently, to make their fmancial assets unattractive. Sinn is excessively deferential to the so-called "Stern Report" (The Economics of Climate Charge by Nicholas Stern, 2007), and inexplicably pays no attention to the forceful critiques of this report by several economists. Apart from this disquieting concem, The Green Paradox is an informative, thoughtful, and interesting account of how we might fight the scourge of climate change. Summing Up: Recommended. Upper-division undergraduate students through professionals. -- A. A. Batabyal, Rochester Institute of Technology

Sinn, Hans-Werner. The green paradox: a supply-side approach to global warming. MIT, 2012. 269 p
ISBN 9780262016681, $ 22.76