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New Paternalism Meets Older Wisdom: Looking to Smith and Hume on Rationality, Welfare and Behavioural Economics
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New Paternalism Meets Older Wisdom: Looking to Smith and Hume on Rationality, Welfare and Behavioural EconomicsErik Matson argues that the new paternalist approach to policy is far too prescriptive, relying on inappropriate conceptions of rationality and welfare, and he looks to the works of Adam Smith and David Hume for a richer vision.
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