Mario J Rizzo's Books

Escaping Paternalism

Rationality, Behavioral Economics, and Public Policy

By: Mario J. Rizzo,Glen Whitman

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Escaping Paternalism

Rationality, Behavioral Economics, and Public Policy

By: Mario J. Rizzo,Glen Whitman

The burgeoning field of behavioral economics has produced a new set of justifications for paternalism. This book challenges behavioral paternalism on multiple levels, from the abstract and conceptual to the pragmatic and applied. Behavioral paternalism relies on a needlessly restrictive definition of rational behavior. It neglects nonstandard preferences, experimentation, and self-discovery. It relies on behavioral research that is often incomplete and unreliable. It demands a level of knowledge from policymakers that they cannot reasonably obtain. It assumes a political process largely immune to the effects of ignorance, irrationality, and the influence of special interests and moralists. Overall, behavioral paternalism underestimates the capacity of people to solve their own problems, while overestimating the ability of experts and policymakers to design beneficial interventions. The authors argue instead for a more inclusive theory of rationality in economic policymaking.

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Page Count

509

Publisher

Cambridge University Press

Published Date

ISBN 10

1108775667

ISBN 13

9781108775663

The Economics of Time and Ignorance

With a New Introduction

By: Gerald P O'Driscoll Jnr,Mario J Rizzo

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The Economics of Time and Ignorance

With a New Introduction

By: Gerald P O'Driscoll Jnr,Mario J Rizzo

The Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. It is here reprinted with a substantial new introductory essay, outlining the major developments in the area since its original publication a decade ago.

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Page Count

389

Publisher

Routledge

Published Date

ISBN 10

1134808887

ISBN 13

9781134808885

Austrian Economics Re-examined

The Economics of Time and Ignorance

By: Gerald P O'Driscoll Jr,Mario Rizzo

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Austrian Economics Re-examined

The Economics of Time and Ignorance

By: Gerald P O'Driscoll Jr,Mario Rizzo

Austrian Economics Re-examined: The Economics of Time and Ignorance is an expanded version of the 1996 edition of The Economics of Time and Ignorance. This work is a classic statement of the role of subjectivism, radical uncertainty and change through real time in Austrian economics specifically, and in modern economics more generally. The new book contains the full text and Introductions of the earlier edition as well as the comprehensive previously-unpublished essay "What is Austrian Economics?" and a new Introduction. The essay is a comprehensive overview of the central themes of the book from a somewhat different perspective than in the book itself. It supplements the analysis in the book. The new Introduction explains that the 2007-8 financial crisis and recent developments in behavioural economics have made the book more relevant than ever before. Austrian Economic Re-examined develops and systematizes the fundamental principles of the Austrian tradition to the analysis of rational expectations, business cycles, monetary theory competition and monopoly, and capital theory. The Open Access version of this book, available at https://www.taylorfrancis.com/books/oa-edit/10.4324/9781315776736, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

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Page Count

315

Publisher

Routledge

Published Date

ISBN 10

1317691369

ISBN 13

9781317691365

Escaping Paternalism

Rationality, Behavioral Economics, and Public Policy

By: Mario J. Rizzo,Glen Whitman

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Escaping Paternalism

Rationality, Behavioral Economics, and Public Policy

By: Mario J. Rizzo,Glen Whitman

A powerful critique of nudge theory and the paternalist policies of behavioral economics, and an argument for a more inclusive form of rationality.

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509

Publisher

Cambridge University Press

Published Date

ISBN 10

1107016940

ISBN 13

9781107016941

Book's by Mario J Rizzo

Escaping Paternalism

Escaping Paternalism

The Economics of Time and Ignorance

The Economics of Time and Ignorance

Austrian Economics Re-examined

Austrian Economics Re-examined

Escaping Paternalism

Escaping Paternalism

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