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    You’re a Mean One, Mr. Pigou

    You’re a Mean One, Mr. Pigou

    It’s the last shopping weekend before Christmas. Fittingly, this adaptation of ‘How the Grinch Stole Christmas’ is circulating around.

    He had to stop Christmas from coming, somehow.
    He asked and he questioned the whole thing’s legality
    Then his eyes brightened: he screamed “externality!
    He reached for his textbooks; he knew what to do
    He’d fight them with ideas from A.C. Pigou
    This idea has merit, he thought in the frost
    A tax that was equal to external cost
    At the margin, would give all the Who girls and boys
    An incentive to stop all their screaming and noise
    Failing that, an injunction to make them all cease
    And they’d have to pay him to have their Roast Beast.”

    It’s pretty clever, I’m sure it will be a classic among econ wonks and … well, maybe not children.

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