Libertarian Paternalism

Conference for Professionals – December 2-4, 2016

Discussion Leader: Bill Glod

 

Session I – Human Choices: Predictably Irrational?

Henderson, David R., eds. The Concise Encyclopedia of Economics. Indianapolis: Liberty Fund, Inc., 1993, 2002, 2008. Richard H. Thaler and Sendhil Mullainathan’s “Behavorial Economics” (pages 34–38).

Thaler, Richard H. and Cass R. Sunstein. Nudge: Improving Decisions About Health, Wealth, and Happiness. New York: Penguin Books, 2009. Chapter 1, “Biases and Blunders” (pages 17–39), Chapter 2, “Resisting Temptation” (pages 40–52), Chapter 3, “Following the Herd” (pages 53–71), and notes (pages 255–257).

 

Session II – Nudges, Incentives, and Choice Architecture

Sunstein, Cass R. and Richard H. Thaler. “Libertarian Paternalism Is Not an Oxymoron.” The University of Chicago Law Review 70, no. 4 (Fall 2003): 1159–1202. Selections (pages 1159–1186).

Thaler, Richard H. and Cass R. Sunstein. Nudge: Improving Decisions About Health, Wealth, and Happiness. New York: Penguin Books, 2009. Chapter 4, “When Do We Need a Nudge?” (pages 72–80), Chapter 5, “Choice Architecture” (pages 81–100), and notes (page 257).

 

Session III – Libertarian Paternalism and Public Policy

Thaler, Richard H. and Cass R. Sunstein. Nudge: Improving Decisions About Health, Wealth, and Happiness. New York: Penguin Books, 2009. Chapter 9, “Privatizing Social Security: Smorgasbord Style” (pages 145–156), Chapter 14, “Should Patients Be Forced to Buy Lottery Tickets?” (pages 207–214), and notes (pages 259 and 261).

Thaler, Richard H. and Shlomo Benartzi. “Save More Tomorrow: Using Behavioral Economics to Increase Employee Saving.” Journal of Political Economy 112, no. 1 (2004): 164–187. Selections (pages 164–170 and 185–187).

Bar-Gill, Oren and Elizabeth Warren. “Making Credit Safer.” University of Pennsylvania Law Review 157, no. 1 (November 2008): 1–101. Selections (pages 33–43).

  

Session IV – Libertarian Paternalism and its Critics

Thaler, Richard H. and Cass R. Sunstein. Nudge: Improving Decisions About Health, Wealth, and Happiness. New York: Penguin Books, 2009. Chapter 17, “Objections” (pages 236–251) and notes (page 262).

Smith, Adam C. and Todd J. Zywicki. “Behavior, Paternalism, and Policy: Evaluating Consumer Financial Protection.” George Mason University Working Paper No. 14-06, Arlington, Virginia, March 11, 2014. Entire paper.

 

Session V – Are Regulators Rational?

Tasic, Slavisa. “Are Regulators Rational?” Journal des Economistes et des Etudes Humaines 17, No. 1, Article 3 (2011): 1–19.

Whitman, Douglas Glen and Mario J. Rizzo. “Paternalist Slopes.” NYU Journal of Law & Liberty 2, No. 3 (January 2007): 411–443.

 

Session VI – Is there an Alternative to Paternalism

Mitchell, Gregory. “Libertarian Paternalism is an Oxymoron (Review Essay).” Northwestern University Law Review 99, No. 3 (Spring 2005): 1245–1277.

Hausman, Daniel M. and Brynn Welch. “Debate: To Nudge or Not to Nudge.” The Journal of Political Philosophy 18, No. 1 (March 2010): 123–136.