Escaping Paternalism

Rationality, Behavioral Economics, and Public Policy

AvMario J. Rizzo,Glen Whitman

Inbunden, Engelska, 2019

Del i serien Cambridge Studies in Economics, Choice, and Society

1 653 kr

Beställningsvara. Skickas inom 7-10 vardagar. Fri frakt över 249 kr.

Fler format och utgåvor

Häftad

485 kr

Skickas inom 7-10 vardagar

Beskrivning

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.

Produktinformation

Utgivningsdatum:2019-12-05
Mått:157 x 235 x 30 mm
Vikt:850 g
Format:Inbunden
Språk:Engelska
Serie:Cambridge Studies in Economics, Choice, and Society
Antal sidor:506
Förlag:Cambridge University Press
ISBN:9781107016941

Utforska kategorier

Mikroekonomi inom Ekonomi och Ledarskap
Makroekonomi inom Ekonomi och Ledarskap
Företagsekonomi inom Ekonomi och Ledarskap

Mer om författaren

Mario J. Rizzo is a professor of Economics, Director of the Foundations of the Market Economy Program, and Co-Director of the Classical Liberal Institute at New York University. He is the co-author of Austrian Economics Re-Examined: The Economics of Time and Ignorance (2014). He has published in such journals as Journal of Legal Studies, the Columbia Law Review and the UCLA Law Review. Glen Whitman is a professor of Economics at California State University, Northridge. He is the co-editor of Economics of the Undead: Zombies, Vampires, and the Dismal Science (2014). He has published in such journals as the UCLA Law Review, the Journal of Legal Studies, and the Journal of Economic Behavior and Organization.

Recensioner i media

'Taking issue with the narrow norms of rationality in much of behavioral economics, this remarkable book argues in favor of an inclusive concept of rationality and is one of the first to cover the full range of relevant empirical evidence from psychology. Escaping Paternalism promotes a serious attempt to understand why people do what they do.' Gerd Gigerenzer, Director of the Harding Center for Risk Literacy, Max-Planck-Institut für Bildungsforschung, Berlin

Innehållsförteckning

1. Introduction: puppets and puppet masters; 2. What is rationality?; 3. Rationality for puppets; 4. Preference biases; 5. The rationality of beliefs; 6. Deficient foundations for behavioral policymaking; 7. Knowledge problems in paternalist policymaking; 8. The political economy of paternalist policymaking; 9. Slippery slopes in paternalist policymaking; 10. Common threads, escape routes, and paths forward; References; Index.