paternalism
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Latest blogosphere posts tagged “paternalism”
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Some quotes from Mises
Aristotle The Geek —
Authority: 424
On the politician- He who is unfit to serve his fellow citizens wants to rule them. On paternalism- Once you begin to admit that it is the duty of the government to control your consumption of alcohol, what can you reply to those who say the control of books and ideas is much more important? On the free man ...1 week ago -
A Little Pigou Is A Dangerous Thing, Part 2
ThinkMarkets —
Authority: 563
by Mario Rizzo Recently, some economists have proposed a new application of the Pigovian tax idea. This is to correct the newly-discovered problem of internalities. An internality is a side-effect on the future selves of a given individual. So, for example, if an individual eats too much now his future self, ...1 week ago -
Behavioral Economics As Self-Help
ThinkMarkets —
Authority: 563
by Mario Rizzo For quite a number of years I have been saying that I have no objection to behavioral economics per se, aside from the legal paternalism wing. After all, why shouldn’t people use science to make their lives better? So now MIT economist Dan Ariely has adapted some of the findings of ...2 weeks ago -
New Paternalism on the Slippery Slopes, Part 6: Rent Seekers
ThinkMarkets —
Authority: 563
by Glen Whitman As discussed in the previous post, the “experts” in charge of implementing new paternalist policies will have a tendency to simplify their own theories to make them useful for crafting policy. That alone creates slippery-slope potential. But that potential is magnified by the existence of ...2 weeks ago -
New Paternalism on the Slippery Slopes, Part 6: Rent Seekers
Agoraphilia —
Authority: 394
POST NUMBER 6: RENT-SEEKERS As discussed in the previous post, the “experts” in charge of implementing new paternalist policies will have a tendency to simplify their own theories to make them useful for crafting policy. That alone creates slippery-slope potential. But that potential is magnified by the ...2 weeks ago -
False Sense of Confidence
The Unbroken Window —
Authority: 135
I had a friend who used to mix Mountain Dew (diet of course) with Coffee – maybe he is next on the F.D.A.’s “hit list”: Caffeine may lead people to underestimate how drunk they are, giving drinkers a false sense of confidence that they can perform tasks they are too impaired to undertake. While we’re ...3 weeks ago -
New Paternalism on the Slippery Slopes, Part 5: Deference to Authority
ThinkMarkets —
Authority: 563
by Glen Whitman Another problem with the new paternalism is that it necessarily involves greater deference to the authority of experts. Here is the basic logic (p. 710): Substantial deference to authority is inherent in the application of new paternalist ideas to public policy. This is because the complexities, ...3 weeks ago -
New Paternalism on the Slippery Slopes, Part 5: Deference to Authority
Agoraphilia —
Authority: 394
Another problem with the new paternalism is that it necessarily involves greater deference to the authority of experts. Here is the basic logic (p. 710): Substantial deference to authority is inherent in the application of new paternalist ideas to public policy. This is because the complexities, vagueness, and ...3 weeks ago -
The Demand for Direct Regulation – Or Score Another One for the Bootleggers
The Unbroken Window —
Authority: 135
As opposed to using pricing mechanisms to achieve goals is no better illustrated than in this pathetic excuse for a law : “Power-hungry TVs will be banned from store shelves in California after state regulators Wednesday adopted a first-in-the-nation mandate to reduce electricity demand.” Let’s see …we ...3 weeks ago -
New Paternalism on the Slippery Slopes, Part 4: Context Dependence
ThinkMarkets —
Authority: 563
by Glen Whitman New paternalists have also relied on the notion of context dependence to justify their policies. But as with hyperbolic discounting, they unjustifiably assume the existence of an inconsistency of preferences gives the policymaker license to choose among the inconsistent preferences. That assumption is ...4 weeks ago

