Richard Thaler
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Appearances Over Time
Podcast Appearances
Go away.
Let markets do it.
Yeah, but they live in la-la land.
Yeah.
Then there are the others saying, come on, we have to tell people what to do.
My next book should be called Shove.
There's at least one of my colleagues has written such a book.
And I will point out to that person and you that if we're in that world, sometimes Trump is president.
So if we want to design a system where the government just tells us what to do as opposed to nudge us, wouldn't that be worse?
No, no, but you're saying we should- Shove.
That's my position.
Okay.
But what I would say is that position is identical to the one that you mocked
Whoa!
Whoa!
As the standard economic prescription, which is set the prices right, and then people will have all the incentive to invent the new technologies to solve it.
If the carbon prices are right,
Then people are going to pour all kinds of money.
There will be a market for mitigation, but if...
If it doesn't cost you much to emit carbon, then people won't buy it.