New Paternalism Meets Older Wisdom : Looking to Smith and Hume on Rationality, Welfare and Behavioural Economics / Erik W. Matson.

Format:

Book

Author/Creator:

Matson, Erik W., author.

Language:

English

Subjects (All):

Economics--Psychological aspects.

Economics.

Paternalism--Moral and ethical aspects.

Paternalism.

Physical Description:

1 online resource (112 pages)

Edition:

First edition.

Place of Publication:

Westminster, England : The Institute of Economic Affairs, [2024]

Summary:

Erik Matson 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 Adam Smith and David Hume for a richer vision.

Contents:

Intro

_Hlk145654510

Figure 1 The four principal indirect passions

Figure 2 The sympathetic formation of preferences

About the author

Figures

Introductory remarks

1 Economics, psychology and the new paternalism

The rise of behavioural economics

The new paternalism: origins and criticism

A bridge from the eighteenth century

2 Our dynamic being within: Smithian challenges to the new paternalism

Setting the stage

Smith on self-awareness and self-judgement

Self-approval and reasonable inconsistencies

Our dynamic being within

Error and affirmation

Implications and conclusions

3 Satisfaction in action: Hume's endogenous theory of preferences and the virtues of commerce

Hume on preferences

Pride and the sympathetic formation of preferences

Commerce and satisfaction in action

Conclusion

4 The behavioural economist in society

Dialoguing about happiness

The political implications of Hume's happiness essays

Hume's qualified theory of happiness

Philosophy as a scene of conversation

References

About the IEA

Blank Page.

Notes:

Description based on publisher supplied metadata and other sources.

Description based on print version record.

Includes bibliographical references.

ISBN:

9780255368346

0255368348

9780255368353

0255368356

OCLC:

1424926216