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


Blogger Ronald said...

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


9:14 PM  

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