by Mario Rizzo
I have been exasperated (my new favorite word) recently by the seemingly endless press adulation of the schemes of some behavioral economists for paternalistic regulation (a.k.a. nudging) of private behavior. While I believe that behavioral economics in its purely analytic form has much to teach us, I think that the normative version is shockingly superficial. Glen Whitman and I will be publishing two articles on this subject in law reviews this fall. (More on that later.)
In the meanwhile I have posted a modest suggestion for behavioral intervention at the Adam Smith’s Institute’s blog – here.