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Smart Taxes: An Open Invitation to Join the Pigou Club

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  • Mankiw, N. Gregory

Abstract

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.

Suggested Citation

  • Mankiw, N. Gregory, 2009. "Smart Taxes: An Open Invitation to Join the Pigou Club," Scholarly Articles 4263740, Harvard University Department of Economics.
  • Handle: RePEc:hrv:faseco:4263740
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    References listed on IDEAS

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    1. Bergstrom, Theodore C, 1982. "On Capturing Oil Rents with a National Excise Tax," American Economic Review, American Economic Association, vol. 72(1), pages 194-201, March.
    2. James M. Poterba, 1991. "Is the Gasoline Tax Regressive?," NBER Chapters, in: Tax Policy and the Economy, Volume 5, pages 145-164, National Bureau of Economic Research, Inc.
    3. Whaples Robert, 2006. "Do Economists Agree on Anything? Yes!," The Economists' Voice, De Gruyter, vol. 3(9), pages 1-6, November.
    4. Ian W. H. Parry & Margaret Walls & Winston Harrington, 2007. "Automobile Externalities and Policies," Journal of Economic Literature, American Economic Association, vol. 45(2), pages 373-399, June.
    5. Bryan Caplan, 2007. "Introduction to The Myth of the Rational Voter: Why Democracies Choose Bad Policies," Introductory Chapters, in: The Myth of the Rational Voter: Why Democracies Choose Bad Policies, Princeton University Press.
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