.@cjsnowdon reminds of the libertarian part of libertarian parternalism
02 Jul 2018 Leave a comment
in behavioural economics, economics of regulation Tags: Nudging
Bill Easterly on the other people are stupid fallacy
20 May 2015 Leave a comment
in applied price theory, behavioural economics, comparative institutional analysis Tags: Bill Easterly, Nudging, Other people are stupid fallacy
Private versus Public Nudging
03 Nov 2014 Leave a comment
in applied price theory, behavioural economics Tags: behavioural economics, Nudging
Here is Mark Pennington in his second post as our guest-blogger this week.
“Private versus Public Nudging” by Mark Pennington
Last week I attended a speech by Richard Thaler, of ‘Nudge’ fame.
Professor Thaler is an engaging speaker. His assertion that ‘libertarian paternalism’ is merely an extension of methods widely adopted in daily life is a beguilingly simple, yet ultimately dangerous one. According to Thaler since good mothers constantly attempt to ‘nudge’ their offspring in the ‘right direction’ then we should not worry about governmental nudging. Whether it is ‘fat taxes’ to discourage unhealthy eating induced by ‘weakness of will’ or compulsory enrolment in savings schemes to induce less ‘short-sighted’ and more thrifty conduct, people should learn to love a government that coaxes them towards what they themselves would recognise is in their own best interests.
The classical liberal tradition is not, and never has been suspicious of the idea…
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Utopia, you are standing in it! 
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