Mario J Rizzo – författare

The Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. It is here reprinted with a substantial new introductory essay, outlining the major developments in the area since its original publication a decade ago.

The Routledge Handbook of Classical Liberalism provides a comprehensive analysis of classical liberal theory including a survey of the theory’s central ideas and arguments, and the application of these ideas to contemporary issues. Chapters providing theoretical analyses are interweaved with coverage of wide-ranging, concrete applications such as public health and healthcare, technology, policing, taxation and wealth, constitutional structures, and more. Across these areas, the handbook demonstrates how classical liberalism provides a unified approach over a divergent set of problems, providing a statement of modern classical liberalism serving as a research tool for a wide variety of individuals across the ideological spectrum. Classical liberalism is a systematic effort to ensure that the existence of the state does not abridge the fundamental rights and liberties of individuals, especially including property and contract rights. It holds that laws must satisfy the criteria of the Rule of Law so that stable relations between the individual and the state may develop.The Routledge Handbook of Classical Liberalism is an authoritative and key reference text for students, academics and researchers engaged in the study of political ideologies, political science, political economy, economics, law, social policy, and related fields.

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.

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.

The Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. It is here reprinted with a substantial new introductory essay, outlining the major developments in the area since its original publication a decade ago.