>Best Explanation of Externalities I’ve Seen

>Robert Frank of Cornell University has the best explanation of externalities and pigovian taxes I’ve seen:

NYT Op-ed

The idea is to tax the things you don’t want more of (like pollution and congestion that come from increased gasoline use) and reduce taxes on stuff you think we should have more of (like wages or income).

Hat tip to Greg Mankiw’s Blog


About perkinsms

I'm an engineer and father interested in transit, parking and economics.
This entry was posted in carbon, economics, fiscal, gas, politics, tax. Bookmark the permalink.

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