Share
Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy (Cambridge Studies in Economics, Choice, and Society) (in English)
Mario J Rizzo (Author)
·
Cambridge University Press
· Paperback
Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy (Cambridge Studies in Economics, Choice, and Society) (in English) - Mario J Rizzo
$ 42.04
$ 46.99
You save: $ 4.95
Choose the list to add your product or create one New List
✓ Product added successfully to the Wishlist.
Go to My WishlistsIt will be shipped from our warehouse between
Monday, June 10 and
Tuesday, June 11.
You will receive it anywhere in United States between 1 and 3 business days after shipment.
Synopsis "Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy (Cambridge Studies in Economics, Choice, and Society) (in English)"
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.
