Evolutionary economics and the case for a constitutional libertarian paternalism—a comment on Martin Binder,“should evolutionary economists embrace libertarian …
C Schubert - Journal of Evolutionary Economics, 2014 - Springer
Journal of Evolutionary Economics, 2014•Springer
In his article “Should evolutionary economists embrace libertarian paternalism?”(Journal of
Evolutionary Economics 24 (3), 2014, 515–539) Martin Binder discusses the pros and cons
of “libertarian paternalism”(LP) from an explicitly evolutionary viewpoint, concluding that as a
general rule, evolutionary economists should be cautious regarding this new and highly
influential policy approach. In this comment I argue that Binder starts from an incomplete
model of the institutional status quo and neglects an obvious alternative to the standard …
Evolutionary Economics 24 (3), 2014, 515–539) Martin Binder discusses the pros and cons
of “libertarian paternalism”(LP) from an explicitly evolutionary viewpoint, concluding that as a
general rule, evolutionary economists should be cautious regarding this new and highly
influential policy approach. In this comment I argue that Binder starts from an incomplete
model of the institutional status quo and neglects an obvious alternative to the standard …
Abstract
In his article “Should evolutionary economists embrace libertarian paternalism?”(Journal of Evolutionary Economics 24(3), 2014, 515–539) Martin Binder discusses the pros and cons of “libertarian paternalism” (LP) from an explicitly evolutionary viewpoint, concluding that as a general rule, evolutionary economists should be cautious regarding this new and highly influential policy approach. In this comment I argue that Binder starts from an incomplete model of the institutional status quo and neglects an obvious alternative to the standard variant of LP, namely, a constitutionally constrained LP. Most of Binder’s objections do not apply with equal force to such a refined variant of LP.
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