[Joseph E. Stiglitz] Western industrial policy and international law
ViewpointsJun 6, 2023
With the enactment last year of the Inflation Reduction Act (IRA), the United States fully joined the rest of the world’s advanced economies in combating climate change. The IRA authorizes a major increase in spending to support renewable energy, research and development and other priorities, and if estimates about its effects are anywhere near correct, the impact on the climate will be significant. True, the design of the law is not ideal. Any economist could have drafted a bill that woul