paternalism

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Latest blogosphere posts tagged “paternalism”

  • Some quotes from Mises


    Aristotle The GeekAuthority 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


    ThinkMarketsAuthority 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


    ThinkMarketsAuthority 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


    ThinkMarketsAuthority 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


    AgoraphiliaAuthority 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 WindowAuthority 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


    ThinkMarketsAuthority 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


    AgoraphiliaAuthority 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 WindowAuthority 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


    ThinkMarketsAuthority 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

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