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Do you Pigou?

Ted Balaker
January 22, 2007, 5:14pm

Greg Mankiw's Piguo Club–named after the economist A.C. Pigou who pioneered the use of taxes and subsidies to correct externalities–is getting plenty of pub. In fact, one day Mankiw may be more famous for his Piguo Club than for being the guy who took a (horribly unfair) drubbing for defending offshore outsourcing. Anyhow, Russell Roberts does not Pigou. Here he sounds off on the prospect of raising the gas tax and links to a podcast where he explores the issue with Mankiw. Key nugget: Related: Why I prefer tolls to taxes

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