Excise taxes and tradable permits are the two most highly touted instruments in environmental policy. These market-based approaches, advocated by professional economists and think-tank policy analysts on both the Left and the Right, are often meant to thwart the outcomes of true free-market activity.

Other Independent Review articles by Roy E. Cordato
    Spring 2012   Climate Coup
    Fall 2009   Climate Change Policies
    Winter 2001   The Political Economy of Environmental Policy