Hayek Program Podcast cover image

"Escaping Paternalism" Book Panel

Hayek Program Podcast

00:00

Jevons and the Problem of Utility Maximization

David Frum: Not all harms justify a prohibition on action. He says Jevons was much less worried about the difficulties associated with knowing why people choose as they do. In his account, poor people were especially prone to such biases, he writes.Frum: It's here that he sees a broad scope for education and apparent improvement.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app