Pigou Club

The Pigou Club is described by its creator, economist and blogger 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.

The newsmagazine The Economist has repeatedly expressed support for Pigouvian policies.^[10] as has the Washington Post Editorial Board.^{[11] [12]}

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

1. ↑ Mankiw, Greg (June 24, 2006). "Al Gore in the Pigou Club". 
2. ↑ Mankiw, Greg (2008-12-16). "Chu and Pigou". Retrieved 2010-03-02. 
3. ↑ Dolan, Ed. "Postmortem on Waxman-Markey: The Politics of Cap & Trade". Retrieved 7 April 2014. 
4. ↑ Greg Mankiw (2010-03-01). "A New Member of the Pigou Club". Retrieved 2010-03-03. 
5. ↑ Inglis, Bob; Laffer, Arthur B. (December 28, 2008). "An Emissions Plan Conservatives Could Warm To". The New York Times. Retrieved May 22, 2010. 
6. ↑ "Economists have a one-page solution to climate change". Retrieved 7 April 2014. 
7. ↑ Inglis, Bob; Laffer, Arthur B. (December 28, 2008). "An Emissions Plan Conservatives Could Warm To". The New York Times. Retrieved May 22, 2010. 
8. ↑ Nader, Ralph (December 3, 2008). "We Need a Global Carbon Tax". The Wall Street Journal. 
9. ↑ 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. 
10. ↑ "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, 
11. ↑ "Clean Energy Should Do Without Special Tax Breaks". Editorial Board. 
12. ↑ "A Sweltering Planet's Agenda". Washington Post. 

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)