Category: Behavioural Economics

A free-market perspective on the environment

Here is a presentation I made today to university students, featuring 'public goods', externalities, possible solutions to the problems of climate change - and how market forces can help to save the planet. I also have a pop at claims that tackling climate change requires a reduction in inequality, having fewer children, attacking big corporations, … Continue reading A free-market perspective on the environment

Nudge economics – can paternalism ever be libertarian?

At first sight there’s an obvious inconsistency between libertarianism and paternalism. The latter usually involves government actions which limit someone’s choices, even if the intention is to promote their own good. How can it be right (asks the libertarian) to restrict an individual’s freedom and autonomy just because the government thinks it knows better? Indeed, … Continue reading Nudge economics – can paternalism ever be libertarian?