Arthur C. Pigou was an early 20th-century British economist, one of the fathers of welfare economics. He believed governments can shape policy for the better by raising taxes on bad things and subsidizing good ones. In the view of the NoPigou Club, the Pigou approach is just another form of central planning dressed up in free market terminology.
Terence Corcoran, editor of the Financial Post, founded NoPigou Club to counter the ideas of the Pigou Club, an informal assembly of economists and pundits who support the idea of raising gasoline taxes. The main backer of such taxes - known as Pigou taxes - is Harvard University's N. Gregory Mankiw. On his blog, Prof. Mankiw lists the people, Pigou Club members, who support high taxes on gasoline to curb global warming and fight other environmental and economic problems.
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home