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Klein's Critique of Thaler & Sunstein

Posted By Don Boudreaux On March 27, 2005 @ 5:15 pm In Myths and Fallacies | Comments Disabled

My new colleague Dan Klein — who, I’m thrilled to report, will join George Mason University’s Economics faculty in August — offers this penetrating critique [1] of Richard Thaler’s and Cass Sunstein’s notion of "libertarian paternalism."  (I agree with Pejman Yousefzadeh, at the always-insightful Pejmanesque [2], that this term is evidence of impressive chutzpah.)

Thanks to Larry White, over at Division of Labour [3], for reminding me of Dan’s essay — an essay that goes far deeper into the problems with "libertarian paternalism" than I attempt here [4].

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[1] this penetrating critique: http://www.econjournalwatch.org/pdf/KleinCommentAugust2004.pdf

[2] Pejmanesque: http://www.pejmanesque.com/

[3] Division of Labour: http://www.divisionoflabour.com/

[4] here: http://cafehayek.com/2005/03/you_choose.html

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