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Future imperfect: behavioural economics and government paternalism

Le Grand, Julian (2018) Future imperfect: behavioural economics and government paternalism. Review of Behavioural Economics, 5 (3-4). pp. 281-290.

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Identification Number: 10.1561/105.00000093

Abstract

Economists and others have used the results from behavioral economics to justify paternalistic government policies, aimed at changing an individual’s behavior in the present so as to improve that individual’s well-being in the future. Examples include the automatic enrollment in pension schemes and anti-smoking measures, such as banning smoking in public places or proposals for a smoking license. But these - and the economic analyses underlying them – have been challenged on the grounds that they arbitrarily privilege one set of preferences over another. The privileged preferences include those of an ‘inner rational agent’ and those of the future over the present. This paper addresses this criticism and puts forward two new conceptions of - and justifications for – these kinds of policy.

Item Type: Article
Official URL: https://www.nowpublishers.com/RBE
Additional Information: © 2018 The Author
Divisions: Social Policy
Subjects: J Political Science > JF Political institutions (General)
H Social Sciences > HB Economic Theory
Date Deposited: 20 Nov 2019 17:00
Last Modified: 30 Nov 2019 00:21
URI: http://eprints.lse.ac.uk/id/eprint/102575

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