The Exclusive Pigou Club of Economists

The Pigou Club is a high-profile group of thinkers who unite for a surprising goal: advocating for higher taxes. They support levies on harmful market activities to force companies to pay for the damage they cause to society.

Named after Arthur Pigou, this club was founded by Harvard economist Gregory Mankiw to champion green tax shifts. Instead of just taxing income, these economists argue we should tax negative externalities like pollution or carbon emissions. By making bad behavior expensive, the taxes encourage businesses to innovate cleaner solutions. It is a rare example of experts actively pushing for more taxes to create a healthier planet.