Environmental-union-politico alliances use their clout to promote new energy, economic vision. Will it create jobs, without impacting existing jobs, living standards and economic opportunities? . . .

. . . That may happen, or may be wishful thinking. It depends on how terms are defined – and whether hype and hope are distinguished from reality, practicality and unintended consequences.

[Editor’s note: Justifying a policy by claiming it will produce jobs is risky business, as Paul Driessen points out in this analysis of “green jobs.” The general case against such rationale for environmental and other policies stands on what economists call the “broken window fallacy,” deftly described by Frederic Bastiat in the nineteenth century in his work What Is Seen and What Is Not Seen (http://www.econlib.org/library/Bastiat/BasEss1.html). The case for any policy should rest on the need for its product, not on an argument that pursuing it will create jobs.--ECB]

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