Pigou Club
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The Pigou Club is described by its inventor, economist N. Gregory Mankiw, as "an elite group of economists and pundits with the good sense to have publicly advocated higher Pigovian taxes, such as gasoline taxes or carbon taxes."[1] These pundits and economists often advocate lowering other taxes to keep the total amount of taxes collected the same, though many have also proposed dedicating the revenue to other worthwhile projects. A Pigovian tax (also spelled Pigouvian tax, named after economist Arthur Cecil Pigou) is a tax levied to correct the negative externalities (negative side-effects) of a market activity. These ideas are also known as an Ecotax or green tax shift.
| Members | Date of Induction | Description |
|---|---|---|
| Anne Applebaum | February 6, 2007 | Pundit |
| William Baldwin | June 24, 2006 | Journalist |
| Gary Becker | June 17, 2006 | Economist |
| Michael Bloomberg | November 2, 2007 | Politician |
| Jay Buckey | January 16, 2008 | Pundit |
| Steven Chu | Not known[2] | Scientist |
| Tyler Cowen | September 8, 2009 | Economist |
| Clive Crook | June 24, 2006 | Pundit |
| Christopher Dodd | April 25, 2007 | Politician |
| Gregg Easterbrook | June 17, 2006 | Pundit |
| Christopher Farrell | June 24, 2006 | Composer |
| Robert H. Frank | June 17, 2006 | Economist |
| Bill Frenzel | February 16, 2007 | Politician |
| Thomas Friedman | June 17, 2006 | Pundit |
| David Frum | November 9, 2006 | Pundit |
| Jason Furman | February 2, 2007 | Economist |
| Ted Gayer | June 27, 2006 | Economist |
| Al Gore | June 24, 2006 | Politician |
| Lindsey Graham | March 1, 2010[3] | Politician |
| Alan Greenspan | October 2, 2006 | Economist |
| Paul Gu | January 27, 2007 | Pundit |
| Steven C. Hackett | August 22, 2008 | Economist |
| Tim Harford | December 8, 2006 | Economist |
| Kevin Hassett | January 29, 2007 | Economist |
| William Hoagland | February 16, 2007 | Engineer |
| Bob Inglis | December 27, 2008[4] | Politician |
| Joe Klein | June 17, 2006 | Pundit |
| Mort Kondracke | June 23, 2007 | Pundit |
| Charles Krauthammer | January 26, 2007 | Pundit |
| Paul Krugman | June 24, 2006 | Economist |
| Anthony Lake | October 30, 2006 | Politician |
| John Larson | August 9, 2007 | Politician |
| David Leonhardt | February 21, 2007 | Pundit |
| Steven Levitt | June 18, 2006 | Economist |
| Brink Lindsey | December 5, 2006 | |
| Ray Magliozzi | January 15, 2007 | |
| N. Gregory Mankiw | June 17, 2006 | Founder |
| Megan McArdle | June 24, 2006 | |
| Daniel McFadden | January 22, 2007 | |
| Mike Moffatt | September 16, 2006 | |
| Alan Mulally | August 9, 2007 | |
| Paul Mulshine | January 27, 2007 | |
| Ralph Nader[5] | December 3, 2008 | |
| Gavin Newsom | December 9, 2007 | |
| William Nordhaus | June 17, 2006 | Economist |
| Richard Posner | November 4, 2006 | Jurist |
| Jonathan Rauch | June 17, 2006 | |
| Kenneth Rogoff | September 16, 2006 | Economist |
| Nouriel Roubini | November 9, 2006 | Economist |
| Jeffrey Sachs | April 9, 2008 | Economist |
| Robert J. Samuelson | January 17, 2007 | Journalist |
| Andrew Samwick | June 24, 2006 | |
| Isabel Sawhill | February 16, 2007 | |
| George Schultz | October 30, 2006 | Economist |
| Robert J. Shapiro | February 20, 2007 | |
| Eliot Spitzer[6] | July 5, 2012 | |
| Rob Stavins | December 10, 2006 | |
| Charles Stenholm | February 16, 2007 | |
| Andrew Sullivan | June 24, 2006 | Pundit |
| Lawrence Summers | October 31, 2006 | Economist |
| John Tierney | June 17, 2006 | Pundit |
| Hal Varian | October 1, 2006 | Economist |
| Paul Volcker | February 14, 2007 | Economist |
The newsmagazine The Economist has repeatedly expressed support for Pigouvian policies.[7]
The group received a great deal of publicity when The New York Times published "Raise the Gasoline Tax? Funny, It Doesn’t Sound Republican" on October 8, 2006.
References
- ↑ Mankiw, Greg (June 24, 2006). "Al Gore in the Pigou Club".
- ↑ Mankiw, Greg (2008-12-16). "Chu and Pigou". Retrieved 2010-03-02.
- ↑ Greg Mankiw (2010-03-01). "A New Member of the Pigou Club". Retrieved 2010-03-03.
- ↑ Inglis, Bob; Laffer, Arthur B. (December 28, 2008). "An Emissions Plan Conservatives Could Warm To". The New York Times. Retrieved May 22, 2010.
- ↑ Nader, Ralph (December 3, 2008). "We Need a Global Carbon Tax". The Wall Street Journal.
- ↑ Eliot, Spitzer (July 5, 2012). "Eliot Spitzer endorses a tax on carbon emissions as a way to ‘heat up the climate debate’". Viewpoint with Eliot Spitzer.
- ↑ "Climate Change: The Greening of America". The Economist (London: The Economist Newspaper Limited 2009). 2007-01-25. Retrieved 2009-09-26. "...the only two clean and efficient solutions to climate change. One is a carbon tax, which this paper has long advocated."
External links
- The Pigou Club Manifesto (Greg Mankiw's Blog)
- Smart Taxes: An Open Invitation to Join the Pigou Club
- Rogoff joins the Pigou Club (Greg Mankiw's Blog)
- Raise the Gasoline Tax? Funny, It Doesn’t Sound Republican (New York Times)
- Talk of Raising Gas Tax Is Just That (Washington Post)
- The Nopigou Club (National Post)
- How Many Taxes Will it Take? (National Post)
- "Fat tax" could save 3,200 lives each year (Reuters)
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