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.
eBook - ePub
New Paternalism Meets Older Wisdom: Looking to Smith and Hume on Rationality, Welfare and Behavioural Economics
Looking to Smith and Hume on Rationality, Welfare and Behavioural Economics
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
New Paternalism Meets Older Wisdom: Looking to Smith and Hume on Rationality, Welfare and Behavioural Economics
Looking to Smith and Hume on Rationality, Welfare and Behavioural Economics
About this book
Trusted by 375,005 students
Access to over 1.5 million titles for a fair monthly price.
Study more efficiently using our study tools.
Information
Table of contents
- About the author
- Introductory remarks
- 1 Economics, psychology and the new paternalism
- 2 Our dynamic being within: Smithian challenges to the new paternalism
- 3 Satisfaction in action: Hume’s endogenous theory of preferences and the virtues of commerce
- 4 The behavioural economist in society
- References
- About the IEA
Frequently asked questions
Yes, you can cancel anytime from the Subscription tab in your account settings on the Perlego website. Your subscription will stay active until the end of your current billing period. Learn how to cancel your subscription
No, books cannot be downloaded as external files, such as PDFs, for use outside of Perlego. However, you can download books within the Perlego app for offline reading on mobile or tablet. Learn how to download books offline
Perlego offers two plans: Essential and Complete
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.5M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1.5 million books across 990+ topics, we’ve got you covered! Learn about our mission
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more about Read Aloud
Yes! You can use the Perlego app on both iOS and Android devices to read anytime, anywhere — even offline. Perfect for commutes or when you’re on the go.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app
Yes, you can access New Paternalism Meets Older Wisdom: Looking to Smith and Hume on Rationality, Welfare and Behavioural Economics by Erik W. Matson in PDF and/or ePUB format, as well as other popular books in Economics & Economic History. We have over 1.5 million books available in our catalogue for you to explore.