February 2021, Book Chapter: "I bring up this fact because we live in a time when inequality is high, when demonizing the rich is popular in some political circles, and when various policies are being proposed to increase the redistribution of economic resources. In this brief …" Non-HKS Author Website - N. Gregory Mankiw 54 KB. Last updated on 01/21/2020. Mankiw NG. A Skeptic's Guide to Modern Monetary Theory. Prepared for AEA Meeting, January. 2020. PII: 0304-405X(86)90012-7. Journal of Financial Economics 17(1986) 211-219. North-Holland. THEEQUITY PREMIUM AND THE CONCENTRATION OF AGGREGATE SHOCKS. N.Gregory MANKIW*. Harvard University Cambudge. MA 02138, USA National Bureau ofEconomic Research. Received June 1985. final version received November 1985.N. GREGORY MANKIW Harvard University DAVID ROMER Princeton University The New Keynesian Economics and the Output-Infation Trade-08 IN THE EARLY 1980s, the Keynesian view of business cycles was in trouble. The problem was not new empirical evidence against Keynesian theories, but weakness in the theories … N. Gregory Mankiw NBER Working Paper No. 30024 May 2022 JEL No. E13,E22,E62,H41,H63 ABSTRACT This essay discusses the reasons for and implications of the decline in real interest rates around the world over the past several decades. It suggests that the decline in interest rates is largely explicable from trends in saving, growth, and markups. N. Gregory Mankiw Department of Economics Littauer 223 Harvard University Cambridge, MA 02138 and NBER [email protected]. This paper explores the role of market power in neoclassical models of economic growth with a focus on the implications for the real rate of interest.Sep 26, 2017 · Mankiw NG. The Economics of Healthcare. 2017. Download Citation. 1.25 MB. Last updated on 09/26/2017. Mankiw, N. Gregory, and Ricardo Reis. 2002. Sticky information versus sticky prices: A proposal ... The Harvard community has made this article openly available. Please share how this access benefits you. Submit a story . Accessibility. STICKY INFORMATION VERSUS STICKY PRICES: N. Gregory Mankiw Macroeconomics, 7th edition Worth Publishers (2009) (PDF) N. Gregory Mankiw Macroeconomics, 7th edition Worth Publishers (2009) | Marcio Vagner - Academia.edu Academia.edu no longer supports Internet Explorer. N. Gregory Mankiw is Professor of Economics, Matthew Weinzierl is Assistant Professor of Business Administration, and Danny Yagan is a Ph.D. candidate in Economics, all at Harvard University, Cambridge, Massachusetts. Their e-mail addresses are <[email protected]>, <[email protected]>, and …This point complements the one in Ball and Mankiw (1992). In that paper, we show that sectoral shocks influence inflation if the distribution of shocks is asymmetric. Here we assume that shocks are symmetric and focus on asymmetries in adjustment. The empirical results in our other paper suggest that both kinds of asymmetries influence inflation.Abstract: This essay discusses the policy debate concerning optimal taxation and the distribution of income. It begins with a brief overview of trends in income inequality, the leading hypothesis to explain these trends, and the distribution of the tax burden. It then considers the normative question of how the tax system … N. Gregory Mankiw. N. Gregory Mankiw. N. Gregory Mankiw. Robert M. Beren Professor of Economics (Economics) Council on Academic Freedom at Harvard Cambridge, MA 02138 Abstract: This paper proposes a theory of supply shocks, or shifts in the short-run Phillips curve, based on relative-price changes and frictions in nominal price adjustment. When price adjustment is costly, firms adjust to large shocks but not to small shocks, and so large shocks have disproportionate effects on the …A Skeptic’s Guide to Modern Monetary Theory. By N. Gregory Mankiw* Harvard University. December 12, 2019. Prepared for the AEA Meeting, January 2020 Session: Is United States …N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. For 14 years he taught EC10 Principles, the most popular course at Harvard. Dr. Mankiw studied economics at Princeton University and MIT. He is a prolific writer and a regular participant in academic and policy debates. His research includes work on price ...N. GREGORY MANKIW is a Harvard economics professor and author of Principles of Economics. Fortune issue: December 8, 1997First Principles ECONOMICS Alan Greenspan's Tradeoff By N. Gregory Mankiw Life is full of tradeoffs. Consumers trade off spending today against saving for tomorrow. Congress trades off tax cuts against deficit …N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. He began his study of economics at Princeton University, where he received an A.B. in 1980. After earning a Ph.D. in economics from MIT, he began teaching at Harvard in 1985 and was promoted to full professor in 1987. 2016. Economics 10b. Principles of Economics. Economic growth, inflation, unemployment, the business cycle, the financial system, international capital flows and trade imbalances, and the impact of monetary and fiscal policy. The Department of Economics strongly encourages students considering a concentration in economics to take both Ec10a and ... Mar 15, 2024 · January 8, 2022, Video: "UCL Economics Conference 2021" HKS Author - N. Gregory Mankiw The John R. Commons Award Lecture. N. Gregory Mankiw*. Harvard University. January 19, 2020. Abstract. The introductory economics course, often called Econ 101, is where most economists get their start and where many students receive their only exposure to the field. This essay discusses the course’s evolution. 2003. Marshall Society Interview, 12/23/03. The Manufacturing Sector Speech, 12/17/03. GSE Reform: Conference of State Bank Supervisors Speech, 11/6/03. The Estate Tax: NBER Tax Policy and the Economy Speech, 11/4/03. China's Trade and U.S. Manufacturing Jobs Testimony, 10/30/03. By N. Gregory Mankiw, 6/24/2001. If student movements are a leading indicator of social trends, and they often are, then the recent student takeover of the administration building at Harvard University is a troubling sign. The students wanted a ''living wage'' ($10.25 a hour, plus benefits) for all Harvard workers.N. Gregory Mankiw is Professor of Economics, Matthew Weinzierl is Assistant Professor of Business Administration, and Danny Yagan is a Ph.D. candidate in Economics, all at Harvard University, Cambridge, Massachusetts. Their e-mail addresses are <[email protected]>, <[email protected]>, and … Non-HKS Harvard Author Website - N. Gregory Mankiw. Related Publications March 15, 2024. ... Harvard Kennedy School Weil Hall 79 JFK Street Cambridge, MA 02138. Programs. 0014-2921/91/$03.50 0 199l-Elsevier Science Publishers B.V. (North-Holland) poordata: Campbell and Mankiw (1990), forexample, lack international data on consumption of non-durables and services andu total e consump-. tion i stead, while Jappelli andPagan0 (1989) useannual data.Crimson is the official color of Harvard University. Harvard Business School provides a palette built off the crimson base to add energy, complexity and sophistication to designs i...Jan 1, 2020 · N. Gregory Mankiw. Cengage Learning, Jan 1, 2020 - Business & Economics - 864 pages. Now you can master the principles of economics with the help of the most popular introductory book in economics trusted by readers of economics worldwide -- Mankiw’s PRINCIPLES OF ECONOMICS, 9E. Using a clear, inviting writing style, this book emphasizes only ... N. Gregory Mankiw Department of Economics, 223 Littauer Center, Harvard University, Cambridge, MA 2138, USA. E-mail: [email protected] Many economists favor higher taxes on energy-related products such as gasoline, while the general public is more skeptical. This essay, based on a talk given at the March 2008 Mossavar-Rahmani Center for Business & Government Harvard Kennedy School Weil Hall 79 JFK Street Cambridge, MA 02138Mar 12, 2019 · For a whole generation, Harvard professor Gregory Mankiw defined the conventional wisdom in economics. He taught the university’s introductory course for 14 years. N. Gregory Mankiw Income Inequality: What's Happened, Why, and What Should We Do About It? | Harvard Kennedy School. Home. Mossavar-Rahmani Center for Business and …Sep 9, 2020 ... Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. A version of this article appears in print on Sept. 13 ...Mar 26, 2014 · Macroeconomía, 8ª ed. N. Gregory Mankiw. Antoni Bosch, Mar 26, 2014 - Macroeconomics - 864 pages. El libro de texto de N. Gregory Mankiw, éxito de adopción desde hace mucho tiempo para el curso de macroeconomía intermedia, sigue gozando de autoridad, aceptación y vitalidad, y la nueva octava edición es la más lograda hasta ahora. Government Debt. Douglas W. Elmendorf. Federal Reserve Board. N. Gregory Mankiw. Harvard University and NBER. January 1998. This paper was prepared Han bo for k the of Macroeconomics . We are grateful to Michael Dotsey, Richard Johnson, David Wilcox, and helpful comments. The views expressed in this paper necessarily those of any institution ... 2016. Economics 10b. Principles of Economics. Economic growth, inflation, unemployment, the business cycle, the financial system, international capital flows and trade imbalances, and the impact of monetary and fiscal policy. The Department of Economics strongly encourages students considering a concentration in economics to take both Ec10a and ... Professor of Economics at Harvard niversity. From 200 to 200, he was hair of the ouncil of Economic Advisers under .S. President George W. Bush. Snake-Oil Economics The Bad Math Behind Trump’s Policies N. Gregory Mankiw Trumponomics: Inside the America First Plan to Revive Our Economy BY …N. Gregory Mankiw. Home. About. N. Gregory Mankiw. Profile.Mossavar-Rahmani Center for Business & Government Harvard Kennedy School Weil Hall 79 JFK Street Cambridge, MA 02138This point complements the one in Ball and Mankiw (1992). In that paper, we show that sectoral shocks influence inflation if the distribution of shocks is asymmetric. Here we assume that shocks are symmetric and focus on asymmetries in adjustment. The empirical results in our other paper suggest that both kinds of asymmetries influence inflation.Nicholas Gregory Mankiw, Mark P. Taylor. Cengage Learning, 2020 - Education - 449 pages. Now firmly established as one of the leading economics principles texts in the UK and Europe, this exciting, new fifth edition of Macroeconomics by N. Gregory Mankiw (Harvard University) and Mark P. Taylor (Washington University), has been fully updated.Nov 2, 2011 ... Harvard freshmen and walkout organizers Sandalow-Ash and Gabriel Bayard said Mankiw teaches economics with a conservative bent. "Professor ...May 24, 1999 · Gas Tax Now! First Principles. By N. Gregory Mankiw. Many members of Congress have been pushing for a cut in income taxes, but they've been unsure how to pay for it. Fortunately, I've figured out an answer: with a tax increase. Let's cut income taxes by 10% and finance it with a 50-cent-per-gallon hike in the gasoline tax. Defense Date: 18/02/2011 Jury Members: Prof. Morten Ravn, University College London, Supervisor Prof. Giancarlo Corsetti, EUI and University of Cambridge Prof. Fabio Canova, Universitat Pompeu Fabra Dr. Luca Dedola, European Central Bankintroducao-a-economia-gregory-mankiw-z-lib.org Identifier-ark ark:/13960/s2fc8nn93rc Ocr tesseract 5.3.0-1-gd3a4 Ocr_detected_lang pt Ocr_detected_lang_conf 1.0000 Ocr_detected_script Latin Ocr_detected_script_conf 0.9930 Ocr_module_version 0.0.18 Ocr_parameters-l por Page_number_confidence 61.81 Ppi 300 Scanner Internet Archive …N. Gregory Mankiw 279 approaches parsimoniously turn the Solow model into a rigorous gen- eral-equilibrium model. These two models of household behavior differ in some important re- spects. For example, in the overlapping-generations model, the econ- omy can accumulate too much capital. In particular, the economy canMar 11, 2019 ... Harvard economics professor Greg Mankiw, who has become a multi-millionaire by writing and honing his very successful economics textbooks, ...A Debate with Saez, Summers, and Mankiw. Lawrence Summers, N. Gregory Mankiw, October 16, 2019, Video, "Emmanuel Saez, a leading architect of the “wealth tax” plans advocated by Senators Elizabeth Warren and Bernie Sanders, outlined his proposals at the PIIE conference on “Combating Inequality: Rethinking Policies to Reduce Inequality in ...There are many possible conditions that cause pain on someone’s left side, such as a heart attack, explains the Harvard Medical School. Pain can also be caused by a slipped disk, s... Link: Economics 10a (formerly Economics 10). Principles of Economics. Introduction to economic issues and basic principles and methods of microeconomics: how markets work, market efficiency and market failure, firm and consumer behavior, policy issues such as taxation, international trade, the environment, and the distribution of income. N. Gregory MANKIW* Harvard University and NBER, Cambridge, MA 02138, USA This paper presents and tests a positive theory of monetary and fiscal policy. The government chooses the rates of taxation and inflation to minimize the present value of the social cost of raising revenue given exogenous expenditure and an … 0-030-27087-1. Principles of Economics [1] is an introductory economics textbook by Harvard economics professor N. Gregory Mankiw. It was first published in 1997 and has nine editions as of 2020. [2] The book was discussed before its publication for the large advance Mankiw received for it from its publisher Harcourt [3] and has sold over a ... Mar 12, 2019 · For a whole generation, Harvard professor Gregory Mankiw defined the conventional wisdom in economics. He taught the university’s introductory course for 14 years. 410 QUARTERLY JOURNAL OF ECONOMICS The model assumes that a constant fraction of output, s, is invested. Defining k as the stock of capital per effective unit of labor, k = KIAL, and y as the level of output per effective unit of 2003. Marshall Society Interview, 12/23/03. The Manufacturing Sector Speech, 12/17/03. GSE Reform: Conference of State Bank Supervisors Speech, 11/6/03. The Estate Tax: NBER Tax Policy and the Economy Speech, 11/4/03. China's Trade and U.S. Manufacturing Jobs Testimony, 10/30/03.N. Gregory Mankiw 279 approaches parsimoniously turn the Solow model into a rigorous gen- eral-equilibrium model. These two models of household behavior differ in some important re- spects. For example, in the overlapping-generations model, the econ- omy can accumulate too much capital. In particular, the economy canNicholas Gregory Mankiw, Mark P. Taylor. Cengage Learning, 2020 - Education - 449 pages. Now firmly established as one of the leading economics principles texts in the UK and Europe, this exciting, new fifth edition of Macroeconomics by N. Gregory Mankiw (Harvard University) and Mark P. Taylor (Washington University), has been fully updated.Professor of Economics at Harvard niversity. From 200 to 200, he was hair of the ouncil of Economic Advisers under .S. President George W. Bush. Snake-Oil Economics The Bad Math Behind Trump’s Policies N. Gregory Mankiw Trumponomics: Inside the America First Plan to Revive Our Economy BY …Mankiw NG. Six Guidelines for Teaching Intermediate Macroeconomics. Journal of Economic Education. 2019;June. Download Citation. Publisher's Version. Last updated on 06/03/2019. Mankiw NG. Six Guidelines for Teaching Intermediate Macroeconomics.Mankiw [2001] notes that it has trouble explaining why shocks to mone-tary policy have a delayed and gradual effect on inflation. These problems appear to arise from the same source: …Jul 27, 2022 ... 'Trade can make everyone better off' is the notion that N. Gregory Mankiw, professor of economics at Harvard University presents it as one ...Roger Lowenstein Author Greg Mankiw Robert M. Beren Professor of Economics, Harvard University Financing of the Civil War.Lisa Leslie Henderson writer. Brian Smith photographer. It has been 25 years since Greg Mankiw began teaching economics at Harvard College, a position he ...May 5, 2022 ... DEPARTMENT OF ECONOMICS | FACULTY OF ARTS AND SCIENCES | HARVARD.EDU · N. Gregory Mankiw. Robert M. Beren Professor of Economics. Contact.Microeconomics. N. Gregory Mankiw, Mark P. Taylor. Cengage Learning EMEA, 2017 - Business & Economics - 423 pages. Now firmly established as one of the leading economics principles texts in the UK and Europe, this exciting new fourth edition of Economics by N. Gregory Mankiw (Harvard University) and Mark P. …Lisa Leslie Henderson writer. Brian Smith photographer. It has been 25 years since Greg Mankiw began teaching economics at Harvard College, a position he ...Mar 7, 2024 ... Greg Mankiw is a professor of economics at Harvard University and served as the chair of the Council on Economic Advisers under President ...Excerpt. Optimal Taxation in Theory and Practice. N. Gregory Mankiw, Matthew Weinzierl, Danny Yagan, June 2009, Paper. "We highlight and explain eight lessons from optimal tax theory and compare them to the last few decades of OECD tax policy. As recommended by theory, top marginal income tax rates have declined, marginal income …Gregory N Mankiw. N. Gregory Mankiw est le professeur d'économie Robert M. Beren à l'Université de Harvard. · Jihad Elnaboulsi. Jihad C. El Naboulsi est ...N. Gregory MANKIW and David N. WEIL* Harvard University, Cambridge, MA 02138, USA Received August 1988, final version received January 1989 This paper examines the impact of major demographic changes on the housing market in the United States. The entry of the Baby Boom generation into its house-buying years …N. Gregory Mankiw and Phillip Swagel NBER Working Paper No. 12398 July 2006 JEL No. ABSTRACT This paper reviews the political uproar over offshore outsourcing connected with …Mar 26, 2014 · Macroeconomía, 8ª ed. N. Gregory Mankiw. Antoni Bosch, Mar 26, 2014 - Macroeconomics - 864 pages. El libro de texto de N. Gregory Mankiw, éxito de adopción desde hace mucho tiempo para el curso de macroeconomía intermedia, sigue gozando de autoridad, aceptación y vitalidad, y la nueva octava edición es la más lograda hasta ahora. N. Gregory Mankiw. Cengage Learning, Jan 1, 2020 - Business & Economics - 864 pages. Now you can master the principles of economics with the help of the most popular introductory book in economics trusted by readers of economics worldwide -- Mankiw’s PRINCIPLES OF ECONOMICS, 9E. Using a … After two years as chair of the Council of Economic Advisors (CEA), Beren professor of economics Gregory Mankiw returned to Harvard in 2005 and took over the introductory economics course from the man who had headed it for 21 years: another previous CEA chair, Martin Feldstein. “I found Washington exhilarating,” Mankiw says; deadlines there ... Microsoft Word - Reflections of a Textbook Author 2.docx. Reflections of a Textbook Author. N. Gregory Mankiw. Harvard University. March 6, 2019. Abstract. In this essay I reflect on textbook writing after three decades participating in the activity.Microeconomics. N. Gregory Mankiw, Mark P. Taylor. Cengage Learning EMEA, 2017 - Business & Economics - 423 pages. Now firmly established as one of the leading economics principles texts in the UK and Europe, this exciting new fourth edition of Economics by N. Gregory Mankiw (Harvard University) and Mark P. …N. Gregory Mankiw is Professor of Economics, Matthew Weinzierl is Assistant Professor of Business Administration, and Danny Yagan is a Ph.D. candidate in Economics, all at Harvard University, Cambridge, Massachusetts. Their e-mail addresses are <[email protected]>, <[email protected]>, and …Principles of Economics Economics 10a. Harvard University Fall 2016. Course Office: 107 Littauer Center, 495-2167, Paul Kelso. The office is open from 8:30 a.m. - 4:00. p.m. Monday through Friday. Our email address is: [email protected]. Our website address is:N. Gregory Mankiw is Robert M. Beren Professor of Economics at Harvard University, Cambridge, Massachusetts. Ricardo Reis is A. W. Phillips Professor of Economics, London School of Economics and Political Science, London, United Kingdom. Their email addresses are. [email protected] and [email protected]. Gregory MANKIW* Harvard University and NBER, Cambridge, MA 02138, USA This paper presents and tests a positive theory of monetary and fiscal policy. The government chooses the rates of taxation and inflation to minimize the present value of the social cost of raising revenue given exogenous expenditure and an … Government Debt. Douglas W. Elmendorf. Federal Reserve Board. N. Gregory Mankiw. Harvard University and NBER. January 1998. This paper was prepared Han bo for k the of Macroeconomics . We are grateful to Michael Dotsey, Richard Johnson, David Wilcox, and helpful comments. The views expressed in this paper necessarily those of any institution ... Mossavar-Rahmani Center for Business & Government Harvard Kennedy School Weil Hall 79 JFK Street Cambridge, MA 02138Mankiw NG, Swagel PL. The Politics and Economics of Offshore Outsourcing. Journal of Monetary Economics. 2006;53 (5) :1027-1056.By N. GREGORY MANKIW President Trump has put trade policy at the center of his agenda. A case in point is the revised trade agreement with Mexico and Canada, announced on Monday. ... N. Gregory Mankiw is the Robert M. Beren professor of economics at Harvard University. You can run a trade deficit with him by buying …N. GREGORY MANKIW is a Harvard economics professor and author of Principles of Economics. Fortune issue: September 7, 1998First Principles ECONOMICS Be Fruitful and Multiply By N. Gregory Mankiw I confess: My wife and I are about to commit what some people consider a socially irresponsible act. Toward the end of …N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. For 14 years he taught EC10 Principles, the most popular course at Harvard. Dr. Mankiw studied...economy in Blinder and Mankiw. O 1985 by the President and Fellows ofHarvard College. Published by John Wiley & Sons, Inc. The Quarterly Journal ofEconomccs, May 1985 CCC 0033-55331851020529-09$04.00 . 530 QUARTERLY JOURNAL OF ECONOMICS I present a simple static model of a monopoly firm's pricingN. Gregory Mankiw Harvard University Ricardo Reis Princeton University Abstract This paper develops and analyzes a general-equilibrium model with sticky information. The only rigidity in goods, labor, and financial markets is that agents are inattentive, sporadically …Gregory Mankiw is a Harvard professor, one of the most influential economists in the world, and a Republican. He served as Chair of the Council of Economic Advisors under …Maintain stability in the currency exchange rate. A volatile exchange rate, at times driven by speculation, can be a source of broader economic volatility. Moreover, a stable rate makes it easier for households and businesses to engage in the world economy and plan for the future. But here’s the rub: You can’t get all three.As you research boarding schools in United States, you’ll discover a wide range of educational possibilities for higher education at a home away from home. Serving students in grad...
U.S. imports of business, professional, and technical services equaled $40.7 billion in 2004, or just under 16 percent of total private services imports. These imports have nearly doubled in the 7 years since they began to be separately tracked in 1997, and are up from 13.7 percent of total services imports in 1997.. Albright knox art museum buffalo
Government Debt. Douglas W. Elmendorf. Federal Reserve Board. N. Gregory Mankiw. Harvard University and NBER. January 1998. This paper was prepared Han bo for k the of Macroeconomics . We are grateful to Michael Dotsey, Richard Johnson, David Wilcox, and helpful comments. The views expressed in this paper necessarily those of any institution ... N. Gregory Mankiw Harvard University March 2001. Abstract This paper examines the optimal allocation of risk in an overlapping-generations economy. It compares the allocation of risk the economy reaches naturally to the allocation that would be reached if generations behind a Rawlsian "veil of ignorance" could N. Gregory Mankiw. N. Gregory Mankiw. N. Gregory Mankiw. Robert M. Beren Professor of Economics (Economics) Council on Academic Freedom at Harvard Cambridge, MA 02138 0014-2921/91/$03.50 0 199l-Elsevier Science Publishers B.V. (North-Holland) poordata: Campbell and Mankiw (1990), forexample, lack international data on consumption of non-durables and services andu total e consump-. tion i stead, while Jappelli andPagan0 (1989) useannual data.Oct 31, 2016 · Mankiw NG. Defending the One Percent. Journal of Economic Perspectives. 2013;27 (3) :21-34. Download Citation. PDF. Last updated on 10/31/2016. Mankiw NG. The Covid-19 Recession of 2020. In: Macroeconomics. 11th ed. ; 2020.economy in Blinder and Mankiw. O 1985 by the President and Fellows ofHarvard College. Published by John Wiley & Sons, Inc. The Quarterly Journal ofEconomccs, May 1985 CCC 0033-55331851020529-09$04.00 . 530 QUARTERLY JOURNAL OF ECONOMICS I present a simple static model of a monopoly firm's pricingThis paper surveys the literature on the macroeconomic effects of government debt. It begins by discussing the data on debt and deficits, including the historical time series, measurement issues, and projections of future fiscal policy. The paper then presents the conventional theory of government debt, which emphasizes aggregate demand in …Gregory Mankiw (Harvard University) and Mark P. Taylor.Oct 31, 2016 · Mankiw NG. Defending the One Percent. Journal of Economic Perspectives. 2013;27 (3) :21-34. Download Citation. PDF. Last updated on 10/31/2016. 0014-2921/91/$03.50 0 199l-Elsevier Science Publishers B.V. (North-Holland) poordata: Campbell and Mankiw (1990), forexample, lack international data on consumption of non-durables and services andu total e consump-. tion i stead, while Jappelli andPagan0 (1989) useannual data. N. Gregory Mankiw Department of Economics, 223 Littauer Center, Harvard University, Cambridge, MA 2138, USA. E-mail: [email protected] Many economists favor higher taxes on energy-related products such as gasoline, while the general public is more skeptical. This essay, based on a talk given at the March 2008 .