In economics, choices, policies, and institutions are evaluated by how well they serve individual preferences. If everybody in the office prefers full fat milk, the welfare economist would recommend we get full fat rather than skim milk to stock the office fridge. This approach is given an anti-paternalist rationale. However, orthodox welfare economics faces a challenge from behavioural economics. My milk choices depend a lot on the default setting in the coffee machine, or on whether I have just been reminded by my surroundings of the need to live more healthily. Johanna Thoma asks, if we can’t derive a consistent preference from people’s choice behaviours, can we still live up to the anti-paternalist ideal
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Millions of Americans rely on safety-net programs such as the Temporary Assistance for Needy Familie...
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A principal source of interest in behavioral economics has been its advertised contributions to poli...
Disagreeing with others about how to interpret a social interaction is a common occurrence. We often...
For complex anthropological, social, professional and legal reasons, many Western countries spend ap...
Three things must be clarified before we can proceed with the examination. These are the t...
The traditional provision of public services needs to be transformed, and this transformation includ...
Despite being in decline, the quality of mental health services is largely absent from public debate...
Lack of access to food stores with healthy and affordable food is one of the central obstacles to er...
The privatisation of adult social care is a 30-year process that has grown unchecked, made worse by ...
Since the early modern period, the vast majority of philosophers who have written on contempt have u...
Conflicts surrounding the development of public lands are on the rise around the world. In the Unite...
Despite the massive state interventions into financial markets following the crash of 2007, the acad...
This article describes the status of development economics within the broader field of the economics...
The proposed new sifting committee for Statutory Instruments under the EU (Withdrawal) Bill will not...
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Ambitious policies for limiting climate change require strong public support. But the public’s appe...