Interesting summary of development economics and behavioural economics that shows how small-minded and unambitious behavioural economics is in policy design.
While behavioural economics might help in program design as psychologists and marketers also do, nothing in behavioural economics as to the message that the path to economic development is capitalism and freedom.
The change is happening gradually.
World Bank’s annual World Development Report 2015 (WDR) is based on behavioral insights..
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