Tagged: socialist calculation debate

Tax maximisation, smoking, and the Stalin Gap - The Dismal Science

Eric Crampton • Jan 09, 2013 •

• cost-benefit analysis,
• externalities,
• fiscal externalities,
• smoking,
• socialist calculation debate

If my lifestyle and leisure choices lead me to remit less to the government in taxes than I would have under alternative scenarios, have I imposed an externality on the State? James Meanwell asks: Eric, care to weigh in on a debate I'm having about t... Read More

Why ban lightbulbs? - The Dismal Science

Eric Crampton • Sep 05, 2012 •

• Sciblogs,
• socialist calculation debate

You could make a case for mandating energy efficiency requirements for lightbulbs and banning less-efficient incandescent bulbs in a country without an effective carbon tax or emissions trading regime. But can you make the same case where we already... Read More