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Author Rizzo, Mario J., author
Title Escaping paternalism : rationality, behavioral economics, and public policy / Mario J. Rizzo, New York University, Glen Whitman, California State University, Northridge
Imprint Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2019
book jacket
 Economics Library  HB74.P8 R59 2020    AVAILABLE    30510100327016
Descript xii, 496 pages ; illusration , 24 cm
text txt rdacontent
computer n rdamedia
online resource nc rdacarrier
Series Cambridge studies in economics, choice, and society
Note Includes bibliographical references and index
"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"-- Provided by publisher
Description based on print version record and CIP data provided by publisher; resource not viewed
Link Print version: Rizzo, Mario J.. Escaping paternalism Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2019. 9781107016941 (DLC) 2019038135
Subject Economics -- Psychological aspects
Paternalism -- Economic aspects
Rational choice theory
Alt Author Whitman, Glen, author
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