January 31, 2019
By Daniel Sutter
Economists should not let the allure of an optimal tax create an impression that carbon taxation will benefit the economy. (photo/Dori)
A carbon tax involves some good economics and is probably the best way to address global warming. And yet I think that adopting the tax represents bad policy. My reservations involve the politics of policy implementation as examined by Nobel prize-winning economist James Buchanan.
Before getting to my concerns, let’s consider two other arguments against…