Carbon Quote by Robert P. Murphy
“Given the large uncertainties at each major step of the case for reliance on a carbon tax, economists should reconsider their current support for such a policy.”
About This Quote
Source Paper: Economic Policy Review, 2022
Economists should doubt carbon‑tax support because each stage of the analysis carries high uncertainty.
In simple terms: Question carbon‑tax benefits due to uncertainty.
Key Takeaway
Re‑evaluate policy assumptions.
Themes
environment
economics
policy
uncertainty
taxation
Mood
cautious
analytical
Type
academic
policy
When to use this quote
- government climate policy
- business investment decisions
- public debate
- academic research
Key Concepts
risk assessment
cost‑benefit analysis
climate economics
Questions to Reflect On
- How can policy incorporate uncertainty?
- What alternatives exist?
A Different Perspective
Uncertainty may be overstated; other tools could be more effective.
