
Richard Thaler on Libertarian Paternalism
EconTalk
00:00
I'm an Extremist Libertarian. I'd Not Defend That View
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.
Play episode from 07:22
Transcript


