Professor Michael Greenstone and Assistant Professor Steve Cicala Discuss the Rationale for Carbon Pricing

Harris Public Policy Professor Michael Greenstone and Assistant Professor Steve Cicala were featured in Medium, discussing how Milton Friedman would have recognized the externalities associated with pollution and support a carbon tax, in keeping with his views and actions.

The question of carbon pricing will remain relevant until it is adopted. "Those costs [of carbon] are real," Cicala said. "And they're not being reflected in the price I pay when I fill my gas tank or turn on the light."

"It's kind of a fiction to think that markets exist on their own," said Greenstone. "They exist because government creates ground rules for them to operate in."

Full coverage available at Medium.