Last updated on: 12/2/2008 | Author:

Calvin Hoy, PhD Biography

Professor of Economics at County College of Morris (CCM)
Not Clearly Pro or Con to the question "Can Alternative Energy Effectively Replace Fossil Fuels?"

“The case for ethanol, at least corn-based ethanol, is not economic or environmental but political. Brazilian ethanol, a sugar-based variety, appears to be free of many of the problems associated with corn-based ethanol. Though it appears to be cheaper, more efficient and more environmentally friendly, the U.S. government im poses a huge import tax of 54 cents a gallon on it. This is not economically or environmentally sound though it is certainly politically palatable, since it prevents competition with domestic producers.

Artificial governmental incentives such as subsidies, tax credits, mandates and tariffs should be removed. In the search for alternate energy sources, we are better served when firms in the competitive marketplace seek profits at their own risk.”

“No Subsidies,” New Jersey Online, Mar. 24, 2008

Involvement and Affiliations:
  • Professor, Economics, County College of Morris (CCM)
  • Adjunct Professor, Economics, Drew University
  • Professor, Economics, East Stroudsburg University
  • PhD, Columbia University
  • None found
Quoted in:
  1. Should the US Subsidize Alternative Energies?