Opinions from economistsSee all occupations
Guntram Wolff, Director of Brussels-based think tank Bruegel
disagrees Eurozone finance minister and budgetA European finance minister — as Juncker outlined it — is a misnomer that will create false expectations and confusion. […] It would be unwise to create totally new euro area institutions beyond the ESM that would only aggravate the division between countries inside the euro area and those outside.
Reza Moghadam, Economist and Vice-chairman for sovereigns and official institutions at Morgan StanleyMacron is right - the Eurozone needs a finance minister. [...] it focuses on the essential: a collective action mechanism for managing and stabilising economies in crisis. It also does so without the need for EU Treaty changes
George Osborne, British politician
agrees Soda taxesI am not prepared to look back at my time here in this Parliament, doing this job and say to my children's generation 'I'm sorry. We knew there was a problem with sugary drinks. We knew it caused disease. But we ducked the difficult decisions and we did nothing'.
Francis Fukuyama, Senior Fellow at Stanford's Freeman Spogli Institute, political scientistThere are entire countries where Facebook Messenger has replaced email as the primary channel by which people communicate. This kind of power wielded at such a scale is unprecedented in human experience, and we need to think carefully about whether American democracy can continue to coexist with such power concentrated over the longer run.
Lawrence H. Summers, Harvard economist and former US Treasury secretary
agrees Health taxesWe have strong evidence from around the world that raising taxes on products like tobacco, sugar sweetened beverages and alcohol is highly effective at reducing harmful consumption and saving lives. I think this is about as close to free-lunch, win-win policy as economists have found
Ted Gayer, Vice President and Director of the Economic Studies program and Joseph A. Pechman Senior FellowA carbon tax, in which the revenues are used to off set economically harmful taxes or to pay down our deficit, would substantially low er the cost of climate policy compared to a cap-and-trade program that gives away allowances for free.
Robert H. Frank, University of California, Berkeley, Georgia Institute of TechnologyReducing CO2 emissions would actually be surprisingly easy. The most effective remedy would be a carbon tax, which would raise the after-tax price of goods in rough proportion to the size of their carbon footprint.
Art Laffer, American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory BoardA carbon tax would attach the national security and environmental costs to carbon-based fuels like oil, causing the market to recognize the price of these negative externalities.
Robert Shapiro, Chairman of economic advisory firm Sonecon, IMF advisor, former U.S. Under Secretary of Commerce. BlThe risks of climate change continue to grow. Global, harmonized net carbon taxes could contain those risk s in an economically-efficient and politically-feasible way.
Richard Thaler, Professor of Behavioral Science and Economics, faculty directorConsider a recent poll of a panel of economists conducted by the University of Chicago Booth School of Business, where I teach… [Forty-one] economists in [a poll conducted by the] University of Chicago … were asked whether they agreed with this statement: ‘A tax on the carbon content of fuels would be a less expensive way to reduce carbon-dioxide emissions than would a collection of policies such ... See More
Heiner Flassbeck, Economist(Pro UBI) argument is that, today, the technological evolution is destroying so many jobs that there is no longer any other choice than to decouple income from work. This argument is absurd for many reasons, but mainly because productivity nowadays is rising much slower than several decades ago. If, one day, productivity would increase substantially again, it will be both possible and necessary to... See More
Jared Bernstein, Senior Fellow at the Center on Budget and Policy PrioritiesAre the good, effective anti-poverty programs currently in place fully funded? I’m quite certain they’re not, and thus the question for progressives is what gets us the bigger inequality-and-poverty-reducing-bang-for-the-buck: a dollar to UBI, or a dollar to things like quality pre-school, the EITC and CTC (wage subsidies for low-income, working families), expanding Medicaid, SNAP (food stamps), a... See More
MIchael Hudson, Economist. Research Professor of Economics at the University of Missouri, Kansas City.The problem’s not only income, but what people have to spend it on. Paine didn’t talk about universal income, he talked about everybody should have the right to a place to live, a means of their own self-support. That’s independent from income. Once you economize and financialize it, you put in a distortion. You don’t want to give people income to buy what really should be public goods and servic... See More
Paul De Grauwe, Economist. Professor in European Political Economy at the London School of EconomicsA universal basic income that has the ambition to ban poverty from the world, is then immensely expensive. That doesn’t need to surprise you. To give the poor (a minority in society) a basic income, you have to also provide a basic income to the large majority that doesn’t need it. This leads to new problems. The working majority receives a basic income that stands loose from labor efforts, bu... See More
Richard D. Wolff, Marxian economist. Professor of Economics Emeritus, University of Massachusetts, AmherstUBI creates a new difference between those people who work and earn a living and those people who, for wathever reason, don't work but still earn a living. This is going to create two classes of people (...) and for me the big issue is why do that?. I like the idea of community building by not having people that are extremely wealthy or extremely poor, but I don't like this way of doing it, becau... See More
Randall Wray, Professor of Economics at U. Missouri–Kansas City, Senior Scholar at Levy Economics InstituteI do not support sending a BIG check to everyone. It is a devaluation of the currency, as prices rise so that the BIG payment essentially becomes the entry price to the marketplace. So we will need to target the BIG to those who do not (or cannot) work. Yes there’s some stigma. But, first we implement Employer of Last Resort so that anyone who is ready and willing to work has a job in the Job Gua... See More
Pavlina R. Tcherneva, Economist. Chair of the Department of Economics at the Levy Economics Institute, Bard College, NYThere is almost a ‘neoclassical market equilibrating assumption’ behind most BIG analysis that says: “as long as people have cash, the market will magically provide the goods for them, allow them to acquire assets, provide them with the freedom to do what they please, etc. etc.” If the market hasn’t solved these problems now, why would it do so just because people get cash? All structures that ma... See More
Ailsa McKay, Feminist EconomistA Citizens Basic Income (CBI) would ensure that the financial gains from paid work were always positive and would provide a more secure base for individuals to opt in and out of the labour market, thus promoting greater flexibility with respect to individual life choices.
Lord Robert Skidelsky, EconomistAn unconditional basic income would make part-time work a possibility for many who now have to work full-time at minimum wages; it would also start to give all workers the same choice as to how much to work, and under what conditions, as is now possessed by owners of substantial capital.
Tyler Cowen, Professor of Economics, George Mason University & author of Average is Over"Let’s send a check to everyone" is an appealing idea, but I've come around to the view that doing so would do more harm than good. [...] It eventually would choke off immigration to the U.S. Voters don't like sending money to immigrants.
Jean-Yves Duclos, Minister of Families, Children and Social Development in CanadaI think it’s the principles behind the idea [of a guaranteed income] that matter. These principles are greater simplicity for the government, greater transparency on the part of families and greater equity for everyone
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