In a recent thread you brought up the idea of “behavioral economics.” I argued against such a school of thought because I am heavily influenced by the writings of Rizzo and Whitman, two scholars who coined it “Economic Paternalism.” I find their argument/analysis to be spot on. Here’s a review of their book and an overview of what they find to be in error with the concept. I could not agree more with their observations and predictions of where it would lead. I thought you would find it interesting,
Masters of Puppets and Men of System: Review of Mario Rizzo and...
"The men and women of the new paternalist system would do well to step away from the chess-board and to consider that 'in the great chess-board of human society, every single piece has a principle of motion of its own, altogether different from that which the legislature might chuse to impress...
www.aier.org