Mankiw's Argument Against Cap-and-Trade
September 17, 2007 | Posted by Nat Keohane in Climate Change Legislation, Economics
The author of today's post, Nat Keohane, Ph.D., is Director of Economic Policy and Analysis at Environmental Defense.
In yesterday's New York Times, Harvard economics professor N. Gregory Mankiw, advisor to President Bush and presidential candidate Mitt Romney, threw his hat into the climate policy ring. Mankiw called for an international carbon tax to address global climate change.
We're glad that a highly regarded academic economist is calling for serious action to stop global warming. But we part ways with his prescription for what action to take.

