New Books in Economics

R. Jisung Park, "Slow Burn: The Hidden Costs of a Warming World" (Princeton UP, 2025)


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R. Jisung Park is assistant professor at the University of Pennsylvania, where he holds appointments in the School of Social Policy and Practice and the Wharton School of Business.
It’s hard not to feel anxious about the problem of climate change, especially if we think of it as an impending planetary catastrophe. In Slow Burn: The Hidden Costs of a Warming World (Princeton UP, 2025), R. Jisung Park encourages us to view climate change through a different lens: one that focuses less on the possibility of mass climate extinction in a theoretical future, and more on the everyday implications of climate change here and now.
Drawing on a wealth of new data and cutting-edge economics, Park shows how climate change headlines often miss some of the most important costs. When wildfires blaze, what happens to people downwind of the smoke? When natural disasters destroy buildings and bridges, what happens to educational outcomes? Park explains how climate change operates as the silent accumulation of a thousand tiny conflagrations: imperceptibly elevated health risks spread across billions of people; pennies off the dollar of productivity; fewer opportunities for upward mobility.
By investigating how the physical phenomenon of climate change interacts with social and economic institutions, Park illustrates how climate change already affects everyone, and may act as an amplifier of inequality. Wealthier households and corporations may adapt quickly, but, without targeted interventions, less advantaged communities may not.
Viewing climate change as a slow and unequal burn comes with an important silver lining. It puts dollars and cents behind the case for aggressive emissions cuts and helps identify concrete steps that can be taken to better manage its adverse effects. We can begin to overcome our climate anxiety, Park shows us, when we begin to tackle these problems locally.

This interview was conducted by Dr. Hannah Pool, a senior researcher at the Max Planck Institute for the Studies of Societies. Her research focuses on human mobilities and her new book has just been published (2025, Oxford University Press).

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New Books in EconomicsBy Marshall Poe

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