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On the 'cashing out' hypothesis and 'soft' and 'hard' policies

Brennan, H. Geoffrey; Brooks, Michael


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]

CollectionsANU Research Publications
Date published: 2011
Type: Journal article
Source: European Journal of Political Economy
DOI: 10.1016/j.ejpoleco.2011.06.001


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