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Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy by Mario J. Rizzo, Glen Whitman

• Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy
• Mario J. Rizzo, Glen Whitman
• Page: 483
• Format: pdf, ePub, mobi, fb2
• ISBN: 9781108760003
• Publisher: Cambridge University Press

Download Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy

Download google books to pdf format Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy English version by Mario J. Rizzo, Glen Whitman 9781108760003

The burgeoning field of behavioral economics has produced a new set of justifications for paternalism. This book challenges behavioral paternalism on multiple levels, from the abstract and conceptual to the pragmatic and applied. Behavioral paternalism relies on a needlessly restrictive definition of rational behavior. It neglects nonstandard preferences, experimentation, and self-discovery. It relies on behavioral research that is often incomplete and unreliable. It demands a level of knowledge from policymakers that they cannot reasonably obtain. It assumes a political process largely immune to the effects of ignorance, irrationality, and the influence of special interests and moralists. Overall, behavioral paternalism underestimates the capacity of people to solve their own problems, while overestimating the ability of experts and policymakers to design beneficial interventions. The authors argue instead for a more inclusive theory of rationality in economic policymaking.

Escaping Paternalism by Rizzo, Mario J. (ebook) - eBooks.com
Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy (Cambridge Studies in Economics, Choice, and Society series) by Mario J. Rizzo. The Case Against Nudging and the Paternalistic State
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