In recent years, a novel, specifically institutional approach to public regulation has become popular, particularly in the Anglo-Saxon world: ‘Libertarian Paternalism’ promises to tackle society’s problems in a way that increases welfare without compromising people’s freedom and autonomy. The key instrument advanced by this programme is nudges. Although nudges’ ethical quality has been discussed at… Read more »
Environmental policies are increasingly informed by behavioral economics insights. ‘Green nudges’ in particular have been suggested as a promising new tool to encourage consumers to act in an environmentally benign way, such as choosing renewable energy sources or saving energy. While there is an emerging literature on the instrumental effectiveness of behavioral policy tools such… Read more »
Indignation is often understood to be the translation of an essentially just moral evaluation. However, it is necessary to investigate the ambiguities of this moral emotion. In the first part, an examination of the genealogy of indignation sheds light on the differences and similarities between ancient and modern conceptions of indignation. Modern indignation presupposes a… Read more »
The Cevro Institute, a private college in Prague, offers a degree in PPE & Behavioral aims to provide students with a cutting-edge knowledge of how behavioral science can be used to help inform the design of policy initiatives.
In this paper, Christian Schubert elaborates on the political economy driving the implementation of “nudges” by self-interested (and possibly boundedly rational) policy makers and bureaucrats.
Recently, political economists have started to apply behavioral economics insights to the study of political processes, thereby re-establishing a unified methodology. This paper surveys the current state of the emerging field of “behavioral political economy” and considers the scope for further research.
Robert Sugden has recently elaborated upon the case for a normative standard of freedom as “opportunity” that is supposed to cope with the problem of how to realign normative economics – with its traditional rational choice orientation – with behavioral economics. His approach however lacks psychological substance.
In this comment on Martin Binder, Christian Schubert rejects the view that as a general rule, evolutionary economists should be cautious regarding “libertarian paternalism” as a new and highly influential policy approach. All that is needed is a constrained version of it.