Has the nudge theory failed? | Markets & Morality | Ep.17

Behavioural economics was hailed as the solution for anti-paternalistic lifestyle interventions that respect individual choice and lead to better outcomes.

In this episode of of Markets & Morality, our guests argue that this is not the case. Professor Glen Whitman, author of ‘Escaping Paternalism’ discusses with Chris Snowdon how the nudge theory has failed, based on its own criteria for success, why it leads to traditional paternalism, and what alternatives could look like.

The guests discuss ideas around rational irrationality, new public policy measures like calorie counts on English restaurant menus and much more!

You can purchase ‘Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy’ by Glen Whitman here: https://www.amazon.co.uk/dp/B081HVWYG9/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1

And ‘Introduction: Symposium on Escaping Paternalism: Rationality, Behavioral Economics and Public Policy; by Mario J. Rizzo and Glen Whitman here: https://www.nowpublishers.com/article/Details/RBE-0139