Arnold Klings opens his piece on World GDP and Global Warming by citing Jonah Goldberg:
Earth got about 0.7 degrees Celsius warmer in the 20th century while it increased its GDP by 1,800 percent, by one estimate. How much of that 0.7 degrees can be laid at the feet of that 1,800 percent is unknowable, but let’s stipulate that all of the warming was the result of our prosperity…That’s still an amazing bargain. Life expectancies in the United States increased from about 47 years to about 77 years. Literacy, medicine, leisure and even, in many respects, the environment have improved mightily over the course of the 20th century, at least in the prosperous West.
Given the option of getting another 1,800 percent richer in exchange for another 0.7 degrees warmer, I’d take the heat in a heartbeat.