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Contemporary mainstream normative economists assess policies in terms of their capacities to satisfy preferences, though most would concede that other factors such as freedom, rights, and justice are also relevant. Why should policy be responsive to preferences? This essay argues that the best...
Persistent link: https://www.econbiz.de/10010286758
By structuring choices wisely, governments can get people to make better choices without limiting their freedom.
Persistent link: https://www.econbiz.de/10012151426
Can a court system conceivably control opportunistic behavior if judges are selected from the same population as ordinary citizens and thus are no better than the rest of us? This paper provides a new and, as we claim, quite profound rational choice answer to that unsolved riddle. Adopting an...
Persistent link: https://www.econbiz.de/10010310773