Tuesday, April 19, 2005

Libertarian Paternalism is *not* about limiting choice

This article argues that U Chicago's Cass Sunstein and Richard Thaler's "Libertarian Paternalism" is about "limiting peoples' choices". This is false. I've spoke to Thaler about this and read the monograph he wrote with Sunstein.

"Libertarian Paternalism" is noting that people often just take whatever default choice is offered and therefore working hard to come up with good default choices. This does not limit choice because you don't need to stick with the default. But since *something* has to be the default, you might as well put effort into making it something good.


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