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).
| Members | Date of Induction | Description |
|---|---|---|
| Daron Acemoglu[2] | Sept 2011 | Economist |
| Jonathan Addler[3] | May 30th, 2012 | Law Professor |
| Anne Applebaum | February 6, 2007 | Pundit |
| Katherine Baiker[4] | July 19th, 2012 | Economist |
| Dean Baker[4] | July 19, 2012 | Economist |
| William Baldwin | June 24, 2006 | Journalist |
| Yorum Bauman[5] | April 1998 | Economist |
| Gary Becker | June 17, 2006 | Economist |
| Antonio Bento[6] | unknown | Economist |
| Michael Bloomberg | November 2, 2007 | Politician |
| Jay Buckey | January 16, 2008 | Pundit |
| Willem Buiter[7] | June 12, 2008 | Economist |
| Steve Chapman | July 4, 2013[8] | Pundit |
| Judith Chevalier[9] | December 2007 | Economist |
| Steven Chu | Not known[10] | Scientist |
| John H. Cochrane | August 7, 2013[11] | Economist |
| Bob Corker[12] | unknown | Politician |
| Tyler Cowen | September 8, 2009 | Economist |
| Clive Crook | June 24, 2006 | Pundit |
| Laura D'Andrea Tyson[13] | unknown | Economist |
| Christopher Dodd | April 25, 2007 | Politician |
| Ed Dolan | July 28, 2010[14] | Economist |
| 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 |
| William Gale[15] | unknown | Economist |
| Bill Gates[16] | September 2, 2010 | Business Magnate |
| Ted Gayer | June 27, 2006 | Economist |
| Al Gore | June 24, 2006 | Politician |
| Lindsey Graham | March 1, 2010[17] | Politician |
| Alan Greenspan | October 2, 2006 | Economist |
| Michael Greenstone[18] | October 12, 2010 | Economist |
| Paul Gu | January 27, 2007 | Pundit |
| Steven C. Hackett | August 22, 2008 | Economist |
| James Hansen[19] | unknown | Scientist |
| Tim Harford | December 8, 2006 | Economist |
| Kevin Hassett | January 29, 2007 | Economist |
| Shi-Ling Hsu[20] | unknown | Economist/Law Professor |
| Bob Inglis | December 27, 2008[21] | Politician |
| Henry Jacoby | June 28, 2013[22] | Economist |
| 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 |
| Arthur Laffer | December 27, 2008[21] | Economist |
| John Larson | August 9, 2007 | Politician |
| David Leonhardt | February 21, 2007 | Pundit |
| Arik Levinson[23] | unknown | Economist |
| Steven Levitt | June 18, 2006 | Economist |
| Brink Lindsey | December 5, 2006 | Attorney |
| Bob Litterman[24] | unknown | Economist |
| Ray Magliozzi | January 15, 2007 | Pundit |
| N. Gregory Mankiw | June 17, 2006 | Economist |
| Donald B. Marron[25] | November 2014 | Economist |
| Megan McArdle | June 24, 2006 | Journalist |
| Jim McDermott|[26] | 2007 | Politician |
| Daniel McFadden | January 22, 2007 | Economist |
| Gilbert Metcalf | June 30, 2015[27] | Economist |
| Mike Moffatt | September 16, 2006 | Economist |
| Adele C. Morris[28] | unknown | Economist |
| Alan Mulally | August 9, 2007 | Ford C.E.O. |
| Paul Mulshine | January 27, 2007 | Journalist |
| Chris Murphy[29] | unknown | Politician |
| Elon Musk[30] | February 3, 2015 | Business Magnate |
| Ralph Nader[31] | December 3, 2008 | Politician |
| Gavin Newsom | December 9, 2007 | Politician |
| William Nordhaus | June 17, 2006 | Economist |
| Grover Norquist[32] | February 16, 2006 | Founder, Americans for Tax Reform |
| Leon Panetta[33] | October 18, 2006 | Politician |
| Peter Passell[34] | April 1, 1992 | Economist |
| Eduardo Porter[35] | Sept 11, 2012[36] | Journalist |
| Richard Posner | November 4, 2006 | Economist/Jurist |
| Jonathan Rauch | June 17, 2006 | Journalist |
| Robert Reich[37] | unknown | Economist |
| Russ Roberts[4] | unknown | Economist |
| 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 | Economist |
| Isabel Sawhill | February 16, 2007 | Economist |
| George Schultz | October 30, 2006 | Economist |
| Robert J. Shapiro | February 20, 2007 | Economist |
| Eliot Spitzer[38] | July 5, 2012 | Politician |
| Pete Stark[39] | 2007 | Politician |
| Rob Stavins | December 10, 2006 | Economist |
| Irwin Stelzer[40] | unknown | Economist |
| Charles Stenholm | February 16, 2007 | Politician |
| Joseph Stiglitz[41] | unknown | Economist |
| Andrew Sullivan | June 24, 2006 | Pundit |
| Lawrence Summers | October 31, 2006 | Economist |
| Alex Tabarrok[42] | June 16, 2010 | Economist |
| Jerry Taylor | March 23, 2015[43] | Economist |
| John Tierney | June 17, 2006 | Pundit |
| Rex Tillerson[44] | February 9, 2009 | Exxon CEO |
| Hal Varian | October 1, 2006 | Economist |
| Paul Volcker | February 14, 2007 | Economist |
| Gernot Wagner[45] | September 7, 2011 | Economist |
| Margaret A. Walls[46] | unknown | Economist |
| Charles Wheelan[47] | unknown | Economist |
| Harrison Wold[4] | unknown | Economist |
The newsmagazine The Economist has repeatedly expressed support for Pigouvian policies.[48] as has "The Washington Post" Editorial Board,[49][50][51][52] NPR's "Planet Money"[53][4] and "The New York Times"[54]
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[edit]
- ^ Mankiw, Greg (June 24, 2006). "Al Gore in the Pigou Club".
- ^ "Interview with Daron Acemoglu".
- ^ "A Conservative's Approach to Combating Climate Change".
- ^ a b c d e "Six Policies Economists Love".
- ^ Tax Shift: How to Help the Economy, Improve the Environment, and Get the Tax Man off Our Backs. ISBN 9781886093072.
- ^ "Economists call on Washington to enact carbon tax".
- ^ "Willem Buiter weighs in, favors carbon tax".
- ^ "How to combat global warming and prosper".
- ^ "Should a carbon tax be border adjustable?".
- ^ Mankiw, Greg (2008-12-16). "Chu and Pigou". Retrieved 2010-03-02.
- ^ "Litterman on carbon finance".
- ^ "In Low Gasoline Prices, an Opening Emerges for Higher Taxes".
- ^ "The Myriad Benefits of a Carbon Tax".
- ^ Dolan, Ed. "Postmortem on Waxman-Markey: The Politics of Cap & Trade". Retrieved 7 April 2014.
- ^ "The Tax Favored By Most Economists".
- ^ "Bill Gates on R&D, a carbon tax, and China's Climate Role".
- ^ Greg Mankiw (2010-03-01). "A New Member of the Pigou Club". Retrieved 2010-03-03.
- ^ "A climate proposal beyond cap and trade".
- ^ "Hansen to Obama: Support a Carbon Tax".
- ^ The Case for a Carbon Tax. ISBN 978-1-61091-178-8.
- ^ a b Inglis, Bob; Laffer, Arthur B. (December 28, 2008). "An Emissions Plan Conservatives Could Warm To". The New York Times. Retrieved May 22, 2010.
- ^ "Economists have a one-page solution to climate change". Retrieved 7 April 2014.
- ^ "How Efficient Is Energy Efficiency?".
- ^ "What Is the Right Price for Carbon Emissions?" (PDF).
- ^ "Bigger, Cleaner, and More Efficient: A Carbon-Corporate Tax Swap".
- ^ "Save our Climate Act of 2007" (PDF).
- ^ "U.S. leaves the markets out in fight against carbon emissions".
- ^ "Will the EPA Push for a Carbon Tax?".
- ^ "In Low Gasoline Prices, an Opening Emerges for Higher Taxes".
- ^ "Elon Musk on Why We Need a Carbon Tax".
- ^ Nader, Ralph (December 3, 2008). "We Need a Global Carbon Tax". The Wall Street Journal.
- ^ "A way to cut fuel consumption that everyone likes, except the politicians".
- ^ [www.washingtonpost.com/wp-dyn/content/article/2006/10/17/AR2006101701327.html "Talk of raising gas tax is just that"] Check
value (help).|url= - ^ "The great search: A perfect tax".
- ^ "In energy taxes, tools to help tackle climate change".
- ^ "Taxes show one way to save fuel".
- ^ Robert Reich on the Importance of Putting a Price On Carbon.
- ^ 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.
- ^ "Save our Climate Act of 2007" (PDF).
- ^ "Erwin Stelzer on Conservatism and the New Capitalism".
- ^ "Nobel Laureate Joseph Stiglitz Calls for "Greening" of Globalization".
- ^ "How much will BP pay?".
- ^ "The Conservative Case for a Carbon Tax" (PDF).
- ^ "Exxon CEO advocates emissions tax".
- ^ "Going Green Getting Nowhere".
- ^ "Why now is the right time for a carbon tax".
- ^ "The Irrefutable Logic of a Carbon Tax".
- ^ "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,
- ^ "Clean Energy Should Do Without Special Tax Breaks". Editorial Board.
- ^ "A Sweltering Planet's Agenda". Washington Post.
- ^ "The Carbon Tax".
- ^ "Carbon tax is best option congress has".
- ^ "Economists have a one page solution to solve global warming".
- ^ "The Case for a Carbon Tax".
External links[edit]
- 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)