environmental economics
Why Economists Are Right and the Tea Party is Wrong About Government
The idea that the government should protect public goods and regulate externalities is just common sense.As I said earlier, economists tend to be fairly hard-nosed in applying these arguments, and they tend to favor cap-and-trade or pollution taxes more than conventional regulation. They also tend (in the view of some of us) to undervalue economic benefits and shortchange long-term human interests. But it would be hard to find a reputable economist, for example, who thinks we should do nothing about climate change, although there’s plenty of disagreement about how much we should do and how quickly.
CONTINUE READINGRecent Work in Environmental Economics
What are environmental economists thinking about these days? Mostly energy and clmate change, it would seem. Here’s a roundup of the most significant recent papers posted at SSRN’s environmental economics journal. I’ve included links to those with free downloads: “Airline Emission Charges: Effects on Airfares, Service Quality, and Aircraft Design” JAN K. BRUECKNER and ANMING …
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CONTINUE READINGPutting a Price on Carbon: Is It Needed? Is It Enough?
The bottom line seems to be that we need to get the price of carbon right — or as close to “right” as possible — but we need subsidies for R & D and we need direct regulation of the major categories of emitters.
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