Pigou Club Excludes Politicians
By Arnold Kling
The biggest political battle in Washington over climate change may not pit Democrats against Republicans. Instead, it could be economists versus politicians.
Many academics, even conservatives, favor a tax on carbon emissions. Many lawmakers, including some liberals, fear a political backlash against new fees. They lean toward a cap-and-trade system
Given the lead sentence, the story could have been headlined “Dog bites man.”
Comparing the last two Administrations, I would say that the economists have more influence when a Democrat is President. But I’m not sure that will continue to hold.
Making the case for the economists is, of course, Greg Mankiw (in a column in the New York Times.)