Richard Rahn

Richard W. Rahn



Richard Rahn is an economist and the current chairman of the Institute for Economic Growth (IGEG). He sits on the advisory boards of numerous think-tanks and advocacy groups. Rahn is also the founder of Novecon companies, and currently sits as the chair of Novecon Financial Ltd.5About us,” Institute for Global Economic Growth. Archived October 30, 2019. Archive URL:

According to his profile at the IGEG, Rahn served for two terms (2002-2008) as the first non-Caymanian member of the Board of Directors of the Cayman Islands Monetary Authority. In the 1980s he was the vice president and chief economist of the Chamber of Commerce of the United States, executive vice president and board member of the National Chamber Foundation, and the editor-in-chief of the Journal of Economic Growth.6Richard W. Rahn, Ph.D: Chairman,” Institute for Global Economic Growth. Archived October 30, 2019. Archive URL:

In 1990, Dr. Rahn founded the Novecon companies including Sterling Semiconductor (now owned by Dow Corning) and he still serves on the boards of private companies.7Richard W. Rahn, Ph.D: Chairman,” Institute for Global Economic Growth. Archived October 30, 2019. Archive URL:

He was the executive director of the American Council for Capital Formation. In 1990-1991, he served as the U.S. co-chairman of the Bulgarian Economic Growth and Transition Project. In 1982, President Reagan appointed Dr. Rahn as a member of the Quadrennial Social Security Advisory Council. During the 1988 Presidential campaign, he served as an economic advisor to President G.H.W. Bush.8Richard W. Rahn, Ph.D: Chairman,” Institute for Global Economic Growth. Archived October 30, 2019. Archive URL:

The American Council for Capital Formation (ACCP) is a DC-based free market think tank that has received over $1.6 million from oil-giant ExxonMobil.9Factsheet: American Council for Capital Formation Center for Policy Research, ACCF,” ExxonSecrets. Archived February 28, 2017.

Board members as of late 2011 included representatives of the Nuclear Energy Institute, American Petroleum Institute, National Association of Manufacturers, National Rural Electric Cooperative Association and the Alliance of Automobile Manufacturers.10Directors,” ACCF. Archived November 14, 2011. Archive URL: 

Former board members dating back to 1998 included representatives of Texaco Oil, Enron Corp. and Potomac Electric Power Company.11Mission: The American Council for Capital Formation and ACCF Center for Policy Research,” ACCF. Archived February 1, 1998. Archive URL:

Rahn is listed on the ACCF board as of 2019 along with four other directors including ACCF president and CEO Mark A. Bloomfield and Susan K. Neely of the American Beverage Association.12Board of Directors,” ACCF. Archived October 30, 2019. Archive URL:

Stance on Climate Change

May 18, 2008

Rahn wrote an article titled “Real intelligence failures” in The Washington Times:

“Despite the prediction of all the major climate models, the Earth has been getting cooler since 1998.”13Richard W. Rahn. “Real intelligence failures,” The Washington Times, May 18, 2008. Archived October 30, 2019. URL:

Key Quotes

August 20, 2005

Writing in The Washington Times, Rahn claimed:

“There is almost no agreement about the rate of [global] warming. There is also considerable disagreement about how much of the warming is man-made – by increasing CO2 emissions from burning fossil fuels – and dispute about how much of the additional CO2 will be absorbed by faster vegetation growth and the ocean…

The big question, at least for me as an economist, is whether moderate global warming will be good or bad for mankind. Most evidence strongly suggests modest global warming will be beneficial.”14Richard Rahn. “Who’s afraid of scientific methods?“ The Washington Times, August 20, 2005. Archived October 30, 2019. Archive URL:

Key Deeds

March 2008

Rahn was a speaker at the Heartland Institute‘s First International Conference on Climate Change (ICCC1).15ICCC1: Speakers,” International Conference on Climate Change ( Archived November 12, 2011. Archive URL:


Social Media


According to a search of Google Scholar, Richard W. Rahn has published some articles in economics journals, however he has never published in a peer-reviewed scientific journal in any area directly related to climate change.

Other Resources


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