On the 'cashing out' hypothesis and 'soft' and 'hard' policies
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Brennan, H. Geoffrey; Brooks, Michael
Description
In the literature on paternalism that has grown out of the behavioural economics 'revolution', a distinction is drawn between 'hard' and 'soft' policies. Although this hard/soft distinction seems to be motivated by the thought that the two policy types might have different implications for individual liberty, there is a claim that 'hard' policies are normatively superior to 'soft' for 'efficiency' reasons. We show, by appeal to an esteem-based model of 'soft' policy that this claim is not valid...[Show more]
Collections | ANU Research Publications |
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Date published: | 2011 |
Type: | Journal article |
URI: | http://hdl.handle.net/1885/70087 |
Source: | European Journal of Political Economy |
DOI: | 10.1016/j.ejpoleco.2011.06.001 |
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01_Brennan_On_the_'cashing_out'_2011.pdf | 390.84 kB | Adobe PDF | Request a copy |
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