Smart Taxes: An Open Invitation to Join the Pigou Club | Zendy

N. Gregory Mankiw | Zendy

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Smart Taxes: An Open Invitation to Join the Pigou Club

Author(s) -

N. Gregory Mankiw

Publication year - 2009

Publication title -

eastern economic journal

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.276

H-Index - 22

eISSN - 1939-4632

pISSN - 0094-5056

DOI - 10.1057/eej.2008.43

Subject(s) - pigou effect , club , economics , externality , skepticism , join (topology) , public economics , law and economics , neoclassical economics , microeconomics , keynesian economics , philosophy , medicine , mathematics , combinatorics , anatomy , epistemology

Many economists favor higher taxes on energy-related products such as gasoline, while the general public is more skeptical. This essay, based on a talk given at the March 2008 meeting of the Eastern Economic Association, discusses various aspects of this policy debate. It focuses, in particular, on the use of these taxes to correct for various externalities — an idea advocated long ago by British economist Arthur Pigou. Eastern Economic Journal (2009) 35, 14–23. doi:10.1057/eej.2008.43

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