Tuesday, October 31, 2006

Stern: Pigovian extravaganza

The Stern Review on the Economics of Climate Change, 600 pages of demagogic scaremongering and economic catastrophism from the UK government, takes Pigou tax/externality theory to its logical conclusion. Massive tax and control programs. Pigou is mentioned several times in the Stern text and footnotes--see especially chapters 2 and 14. My initial NoPigou Club take on Stern, The New Green Totalitarianism, is posted at the club house.
Terence Corcoran

1 Comments:

Blogger Ronald said...

FYI, the No Pigou Club has been added to Facebook, as an alternative to Mankiw's "Pigou Club" group:

http://www.facebook.com/group.php?gid=2216061746

9:14 PM  

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