New Paternalism Meets Older Wisdom by Erik W. Matson (Paperback Book)

Institute of Economic Affairs

What can today\u0092s behavioural economists learn from the classical liberals of the past? Here, Erik Matson offers critical reflections on what he calls \u0091the new paternalism\u0092 \u0096 a modern-day approach to policy-making that aims to make individuals better off, when judged by their own standards. He argues that the new paternalist approach to policy is far too prescriptive, relying on inappropriate conceptions of rationality and welfare. And he looks to the works of two giants of economics and philosophy \u0096 Adam Smith and David Hume \u0096 for a richer vision. He places Smith and Hume\u0092s 18th-century writings into a contemporary context \u0096 and concludes that today\u0092s practitioners could learn much from their wisdom. This wisdom, he contends, acknowledges the deep complexities of rationality and welfare.\n\nNew Paternalism Meets Older Wisdom\nLooking to Smith and Hume on Rationality, Welfare and Behavioural Economics\nFree UK delivery on this item.\n\nThis;