Paternalism and public choice

نویسنده

  • Paul Calcott
چکیده

There is an apparent contradiction in the economic approach to government policy. On one hand, neoclassical economists are champions of ‘consumer sovereignty’. This is the idea that individuals are the best judges of what is in their interests and should be able to make their own decisions. For example, economists would tend to oppose a regulation that required airbags to be installed in new cars, on the grounds that some customers would not wish to pay for the extra cost. On the other hand, economists recommend the policies that they, as experts, believe to be in the interests of citizens, rather than those that the citizens support. In extreme cases this has led to “IMF riots”, against the reforms advocated by the International Monetary Fund.

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تاریخ انتشار 2000