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Welfarism, Libertarian Paternalism and Political Economy: Three Perspectives on Economic Expertise

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  • Valérie Clément
  • Alain Marciano

Abstract

This paper proposes and compares different characterization of what an economic expert is — his/her role, functions and legitimacy — according to different conceptions of economics: welfarism, libertarian paternalism and positive political economy. We show that both welfarism and libertarian paternalism allows expert to impose their views, their preferences to the individuals. This is not the case with political economy.

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File URL: http://www.lameta.univ-montp1.fr/Documents/DR2011-23.pdf
File Function: First version, 2011
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Bibliographic Info

Paper provided by LAMETA, Universtiy of Montpellier in its series Working Papers with number 11-23.

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Length: 21 pages
Date of creation: Nov 2011
Date of revision: Nov 2011
Handle: RePEc:lam:wpaper:11-23

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  1. David M. Levy & Sandra J. Peart, 2008. "Analytical Egalitarianism," American Journal of Economics and Sociology, Wiley Blackwell, vol. 67(3), pages 473-479, 07.
  2. Philippe Mongin, 2005. "The Impartial Observer Theorem of Social Ethics," Public Economics 0510002, EconWPA.
  3. Peter Boettke & Steven Horwitz, 2005. "The Limits of Economic Expertise: Prophets, Engineers, and the State in the History of Development Economics," History of Political Economy, Duke University Press, vol. 37(5), pages 10-39, Supplemen.
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