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Richard Thaler on Libertarian Paternalism

EconTalk

I'm an Extremist Libertarian. I'd Not Defend That View

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I'll cast myself as an extremist libertarian. I think tat at's the wrong extremist libertarian position. The extremest libertarian position would be in a private sector. In a company case, companies set up their caffeterias in a way to attract employees. So why wouldn't that be the default that would emerge from a market solution? And why would you even worry about this idea of a paternalism? Why would there be anything different? We that is, if a manager is corrupt and takes bribes from suppliers,  and puts the food or chooses bad food because she's corrupt, she'll pay a price in the market place.

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