Liberty and the Post-Utilitarian Society
Abstract
Utilitarian foundations for limited government are shaky insofar as they assume rational and consistent individuals. Recently economists' assumption of rational actors has come under sustained attack. Behavioural economics has suggested that people are plagued by irrational biases and inconsistencies. The author elucidates how these developments have led to a post-utilitarianism which is held to justify paternalistic interventions by the state via 'sin taxes', direct bans or new obligations. Individual responsibility is seriously undermined, as is faith in markets. He concludes that supporters of individual freedom need to move away from utilitarian reasoning, reassert core values of autonomy and responsibility, and define strict limits on the scope of government intervention.Download Info
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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 6911.Length: 12 pages
Date of creation: Oct 2012
Date of revision:
Handle: RePEc:iza:izadps:dp6911
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Related research
Keywords: behavioural economics; utilitarianism; government; paternalism;Other versions of this item:
- Saint-Paul, Gilles, 2012. "Liberty and the post-utilitarian society," IDEI Working Papers 740, Institut d'Économie Industrielle (IDEI), Toulouse.
- Saint-Paul, Gilles, 2012. "Liberty and the post-utilitarian society," TSE Working Papers 12-334, Toulouse School of Economics (TSE).
- B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
- D03 - Microeconomics - - General - - - Behavioral Economics; Underlying Principles
- D10 - Microeconomics - - Household Behavior - - - General
- H10 - Public Economics - - Structure and Scope of Government - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-10-27 (All new papers)
- NEP-HME-2012-10-27 (Heterodox Microeconomics)
- NEP-HPE-2012-10-27 (History & Philosophy of Economics)
- NEP-UPT-2012-10-27 (Utility Models & Prospect Theory)
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Laibson, David, 1997.
"Golden Eggs and Hyperbolic Discounting,"
The Quarterly Journal of Economics,
MIT Press, vol. 112(2), pages 443-77, May.
- Laibson, David I., 1997. "Golden Eggs and Hyperbolic Discounting," Scholarly Articles 4481499, Harvard University Department of Economics.
- Thaler, Richard, 1980. "Toward a positive theory of consumer choice," Journal of Economic Behavior & Organization, Elsevier, vol. 1(1), pages 39-60, March.
Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- Sin taxes and liberty
by Economic Logician in Economic Logic on 2012-12-21 15:02:00
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