Discover the latest thought-provoking analysis from the Institute of Economic Affairs, "New Paternalism meets Older Wisdom" by Mercatus Senior Fellow Eric Mattson, as discussed by Harrison Griffiths, Communications Officer, in ths short explainer. In this insightful paper, Mattson delves into the intricacies of contemporary policymaking, particularly focusing on the concept of nudges.
Nudges, often heralded as a benign form of paternalism, aim to steer individuals towards making better choices without resorting to bans or taxes. However, as Griffiths highlights in this explainer, this approach encounters significant challenges. Policymakers are tasked with discerning what constitutes each individual's best interest, amidst the dynamic nature of human preferences.
Drawing on extensive research and real-world examples, Griffiths explores the limitations of relying solely on nudges to shape behaviour. He underscores the importance of recognizing the evolving nature of human preferences and the inherent complexity of decision-making processes.
Don't miss out on this enlightening conversation that challenges conventional wisdom and offers valuable insights into the intersection of public policy and individual freedom. Dive deeper into the discussion by accessing the IEA's latest publication today!
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