Name: New Paternalism Meets Older Wisdom: Looking to Smith and Hume on Rationality, Welfare and Behavioural (en Inglés)
Price: 19770.00 CLP
Availability: InStock
Author: Matson, Erik W.
ISBN: 9780255368339

portada New Paternalism Meets Older Wisdom: Looking to Smith and Hume on Rationality, Welfare and Behavioural (en Inglés)

Formato

Libro Físico

Autor

Erik W. Matson

Editorial

Institute of Economic Affairs

Idioma

Inglés

N° páginas

160

Encuadernación

Tapa Blanda

ISBN13

9780255368339

Categorías

Las políticas del gobierno central
Economía política
Historia de la economía

New Paternalism Meets Older Wisdom: Looking to Smith and Hume on Rationality, Welfare and Behavioural (en Inglés)

Erik W. Matson (Autor) · Institute of Economic Affairs · Tapa Blanda

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Reseña del libro "New Paternalism Meets Older Wisdom: Looking to Smith and Hume on Rationality, Welfare and Behavioural (en Inglés)"

What can today's behavioural economists learn from the classical liberals of the past? Here, Erik Matson offers critical reflections on what he calls 'the new paternalism' - a modern-day approach to policy-making that aims to make individuals better off, when judged by their own standards. He argues that the new paternalist approach to policy is far too prescriptive, relying on inappropriate conceptions of rationality and welfare. And he looks to the works of two giants of economics and philosophy - Adam Smith and David Hume - for a richer vision. He places Smith and Hume's 18th-century writings into a contemporary context - and concludes that today's practitioners could learn much from their wisdom. This wisdom, he contends, acknowledges the deep complexities of rationality and welfare. It shows why policymakers should focus on securing citizens the freedom to cultivate their interests, and why regulators should employ the power of persuasion - rather than paternalism - to help individuals help themselves.