I just want to follow up by mentioning two articles by Robert
P. Murphy , a leading commentator in the US on climate change issues for the Institute of Energy Research . One article was written on September 23 , 2014 entitled ‘Using IPCC to Defeat UN Climate Agenda.’ and the other this past week , ‘Greg Ip Unwittingly Makes a Case AGAINST a Carbon Tax ‘, rebuts an article in the Wall Street Journal by columnist Greg Ip, who , though usually a balanced economic writer , falls off the rails on the carbon tax issue , and Mr Murphy effectively rebuts Ip’s arguments for a tax.
If you go to http://www.instituteforenergyresearch.org you will find the recent article and through it the 2014 article . Given that both are long, I thought it best to do the reference.
To whet your appetite here is Mr. Murphy’ s conclusion in the 2024 article and below that his biography.
To be sure, most of the natural scientists and economists involved with the IPCC report desire some type of government intervention to limit emissions. Nonetheless, in this post I have just shown that using the latest IPCC AR5 report, I can make a very convincing case that a popular climate goal—limiting global warming to 2°C—isn’t even close to being justified by the year 2050, and even by the year 2100 cannot be justified using the scant evidence in the IPCC report. This is because—using the IPCC’s own projections—the economic costs suffered by businesses and households to comply with emissions reductions exceed the estimated environmental damages from warming. Thus the “moderate” policy goal fails a global cost/benefit test, using the very source of information that the climate change activists tell us represents the established science.
Robert P. Murphy is a Senior Economist with IER specializing in climate change. His research focuses on the estimation of the “social cost of carbon,” including the proper discount rate to be used in cost-benefit analyses and the implications of structural uncertainty for policy solutions.
Murphy received his Ph.D. in economics from New York University in 2003, where he wrote his dissertation on capital and interest theory. After teaching at Hillsdale College for three years, he moved to the financial sector to work as an analyst for Arthur Laffer (of Laffer Curve fame). In addition to his role at IER, Murphy holds positions at several other free-market organizations, including Senior Fellow with the Fraser Institute, Research Fellow with the Independent Institute, and Associated Scholar with the Mises Institute.
Murphy has written more than 100 articles for the layman on free-market economics and is the author of numerous books, including Choice: Cooperation, Enterprise, and Human Action (Independent Institute, 2015), Lessons for the Young Economist (Mises Institute, 2010), and The Politically Incorrect Guide to Capitalism (Regnery, 2007). He has also given numerous radio interviews and public lectures on economic topics.
Murphy has also published several scholarly articles and notes in peer-reviewed journals, including The Journal of Private Enterprise, The Journal of the History of Economic Thought, The Independent Review, The American Journal of Economics and Sociology, and The Review of Austrian Economics