Behavioral economics and government paternalism: a brief analysis
Numerous economists, psychologists, and other experts have used the growing number of empirical research in behavioral economics to understand paternalistic government policies. The main argument is that people make mistakes in judgment when it comes to their goals; consequently, governments intervene in politics to correct these errors and, therefore, help people to achieve their proposed ends. The interventions would exist in a wide variety of areas: taxes, licenses, the prohibition of potentially harmful activities for health, subsidies, and so on. ….[READ]
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