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The analysis of climate-economy interactions has, for decades, been dominated by a specific class of tools known as Integrated Assessment Models (IAMs). These models have been instrumental in shaping policy discourse, particularly through their use in cost-benefit analyses of climate mitigation. However, this dominant paradigm, largely built on the foundations of neoclassical economics, rests on a set of strong and increasingly contested assumptions. The Dystopian Schumpeter Meeting Keynes (DSK)
