Alan Blinder, Professor of Economics at Princeton University

Blinder Understates the Cost of a Carbon Tax

By Institute for Energy Research —— Bio and Archives--February 3, 2011

Global Warming-Energy-Environment | Comments | Back To Full Article

In a recent article (“The Carbon Tax Miracle Cure,” Jan. 31) Alan Blinder listed numerous alleged benefits of a phased-in carbon tax. His main argument is that it would stimulate job creation in new technologies and techniques. Out of his entire column, he devoted a single sentence to the possible downside of his plan when he wrote, “No one likes to pay higher taxes.” A more balanced assessment shows that a carbon tax presents very real dangers, even if we rely on the same economic analysis that so enthralled Blinder.

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