Previous articles have sought to demonstrate that markets fail in the shaping of preferences. With no recognized property rights in an agent’s preferences, they are too seldom changed for the better (as judged by the agent) and too often changed for the worse. This paper addresses the question...

In this paper the "two-selves" models of self-imposed constraints are shown to carry normative implications only when the present-self acts to restrict the freedom of a future-self whose ability to act rationally has been clearly compromised. Conversely, when this future-self, if unrestrained,...