Richard Thaler on Libertarian Paternalism
EconTalk
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Introduction
Richard thaylor is a distinguished service professor of behavior science and economics at the university of chicago's graduate school of business. He has made extensive contributions to our understanding and behavior, challenging the traditional model of rational choice. In two thousand and three with his colleague, casunstein, he wrote provocative articles defending what the authors call libertarian paternalism. And in a recent episode of econ talk edward glazer was critical of thaylor’s ideas.
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