IDEAS home Printed from https://ideas.repec.org/a/kap/jcopol/v34y2011i3p289-314.html
   My bibliography  Save this article

False Promises? A Sociological Critique of the Behavioural Turn in Law and Economics

Author

Listed:
  • Sabine Frerichs

Abstract

No abstract is available for this item.

Suggested Citation

  • Sabine Frerichs, 2011. "False Promises? A Sociological Critique of the Behavioural Turn in Law and Economics," Journal of Consumer Policy, Springer, vol. 34(3), pages 289-314, September.
    • Handle: RePEc:kap:jcopol:v:34:y:2011:i:3:p:289-314
    DOI: 10.1007/s10603-011-9164-7
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10603-011-9164-7
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10603-011-9164-7?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. George A. Akerlof, 2009. "How Human Psychology Drives the Economy and Why It Matters," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(5), pages 1175-1175.
    2. Beckert, Jens & Streeck, Wolfgang, 2008. "Economic sociology and political economy: A programmatic perspective," MPIfG Working Paper 08/4, Max Planck Institute for the Study of Societies.
    3. Leiser, David & Bourgeois-Gironde, Sacha & Benita, Rinat, 2010. "Human foibles or systemic failure--Lay perceptions of the 2008-2009 financial crisis," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(2), pages 132-141, April.
    4. Posner, Richard A., 2010. "The Crisis of Capitalist Democracy," Economics Books, Harvard University Press, number 9780674062191, Spring.
    5. Lewis, Alan, 2010. "The credit crunch: Ideological, psychological and epistemological perspectives," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(2), pages 127-131, April.
    6. Marcellus Andrews, 2009. "Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism, by George A. Akerlof and Robert J. Shiller," Challenge, Taylor & Francis Journals, vol. 52(5), pages 126-131.
    7. Alexandre Padilla, 2009. "Review of Richard H. Thaler and Cass R. Sunstein, Nudge: Improving decisions about health, wealth, and happiness," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 22(4), pages 425-429, December.
    8. Matthew C. Stephenson, 2009. "Legal Realism for Economists," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 191-211, Spring.
    9. Drazen Prelec & George Loewenstein, 1998. "The Red and the Black: Mental Accounting of Savings and Debt," Marketing Science, INFORMS, vol. 17(1), pages 4-28.
    10. Christine Jolls & Cass R. Sunstein, 2006. "Debiasing through Law," The Journal of Legal Studies, University of Chicago Press, vol. 35(1), pages 199-242, January.
    11. Cass R. Sunstein & Richard H. Thaler, 2003. "Libertarian paternalism is not an oxymoron," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 48(Jun).
    12. George B. Roberts, Chairman, Universities-National Bureau Committee for Economic Research, 1960. "Demographic and Economic Change in Developed Countries," NBER Books, National Bureau of Economic Research, Inc, number univ60-2.
    13. Aaron Steelman, 2005. "Book review : The relentless pursuit of incentives. \\"Freakonomics : a rogue economist explores the hidden side of everything\\" by Stephen D. Levitt and Stephen J. Dubner," Econ Focus, Federal Reserve Bank of Richmond, vol. 9(Sum), pages 46-47.
    14. Franziska Rischkowsky & Thomas Döring, 2008. "Consumer Policy in a Market Economy Considerations from the Perspective of the Economics of Information, the New Institutional Economics as well as Behavioural Economics," Journal of Consumer Policy, Springer, vol. 31(3), pages 285-313, September.
    15. Roger E. A. Farmer, 2009. "Animal Spirits: How Human Psychology Drives the Economy, and Why it Matters for Global Capitalism," The Economic Record, The Economic Society of Australia, vol. 85(270), pages 357-358, September.
    16. Colander, David, 2009. "R. Thaler and C. Sunstein, Nudge: Improving Decisions about Health, Wealth, and Happiness , Yale University Press, New Haven (2008) pp. 293, $26.00, ISBN: 978-0-300-12223-7," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(3), pages 541-542, June.
    17. Lucia A. Reisch, 2004. "Principles and Visions of a New Consumer Policy: Discussion Paper by the Scientific Advisory Board for Consumer, Food, and Nutrition Policy to the German Federal Ministry of Consumer Protection, Food,," Journal of Consumer Policy, Springer, vol. 27(1), pages 1-42, March.
    18. Gail Mitchell Hoyt, 2009. "Review of "Nudge: Improving Decisions About Health, Wealth, and Happiness"," International Review of Economic Education, Economics Network, University of Bristol, vol. 8(1), pages 158-159.
    19. Joshua Hall, 2005. "Homer Economicus : Using The Simpsons to Teach Economics," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 20(Spring 20), pages 166-177.
    20. Loewenstein, George & O'Donoghue, Ted, 2004. "Animal Spirits: Affective and Deliberative Processes in Economic Behavior," Working Papers 04-14, Cornell University, Center for Analytic Economics.
    21. Richard H. Thaler, 2000. "From Homo Economicus to Homo Sapiens," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 133-141, Winter.
    22. Schwartz, Hugh, 2010. "Does Akerlof and Shiller's Animal Spirits provide a helpful new approach for macroeconomics?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(2), pages 150-154, April.
    23. Richard H. Thaler & Cass R. Sunstein, 2023. "Libertarian paternalism," Chapters, in: Cass R. Sunstein & Lucia A. Reisch (ed.), Research Handbook on Nudges and Society, chapter 1, pages 10-16, Edward Elgar Publishing.
    24. Frerichs, Sabine, 2009. "The legal constitution of market society: Probing the economic sociology of law," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 10(3), pages 20-25.
    25. Morris Altman, 2006. "Human agency and free will: choice and determinism in economics," International Journal of Social Economics, Emerald Group Publishing, vol. 33(10), pages 677-697, October.
    26. Cynthia Harter, 2009. "Review of "Animal Spirits: How Human Psychology Drives the Economy and Why it Matters for Global Capitalism"," International Review of Economic Education, Economics Network, University of Bristol, vol. 8(1), pages 155-157.
    27. Daniel McFadden, 2006. "Free Markets and Fettered Consumers," American Economic Review, American Economic Association, vol. 96(1), pages 5-29, March.
    28. Robert Sugden, 2009. "On Nudging: A Review of Nudge: Improving Decisions About Health, Wealth and Happiness by Richard H. Thaler and Cass R. Sunstein," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 16(3), pages 365-373.
    29. Sacha Bourgeois-Gironde & David Leiser & Rinat Benita, 2010. "Human Foibles or Systemic Failure -- Lay Perceptions of the 2008-09 Financial Crisis," Post-Print ijn_00445611, HAL.
    30. Joseph Henrich & Robert Boyd & Samuel Bowles & Colin Camerer & Ernst Fehr & Herbert Gintis & Richard McElreath & Michael Alvard & Abigail Barr & Jean Ensminger & Kim Hill & Francisco Gil-White & Micha, 2001. "Economic Man in Cross-Cultural Perspective: Behavioral Experiments in Fifteen Small-Scale Societies," Working Papers 01-11-063, Santa Fe Institute.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bogliacino, Francesco & Codagnone, Cristiano, 2021. "Microfoundations, behaviour, and evolution: Evidence from experiments," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 372-385.
    2. Sergios Tzotzes & Dimitris Milonakis, 2021. "Paradigm Change or Assimilation? The Case of Behavioral Economics," Review of Radical Political Economics, Union for Radical Political Economics, vol. 53(1), pages 173-192, March.
    3. Guilhem Lecouteux, 2023. "The Homer economicus narrative: from cognitive psychology to individual public policies," Journal of Economic Methodology, Taylor & Francis Journals, vol. 30(2), pages 176-187, April.
    4. Mira Fischer & Sebastian Lotz, 2014. "Is Soft Paternalism Ethically Legitimate? - The Relevance of Psychological Processes for the Assessment of Nudge-Based Policies," Cologne Graduate School Working Paper Series 05-02, Cologne Graduate School in Management, Economics and Social Sciences.
    5. J. Ouyang, 2024. "“Embedded Consumer”: Towards a Constitutional Reframing of the Legal Image of Consumers in EU law," Journal of Consumer Policy, Springer, vol. 47(3), pages 395-423, September.
    6. Francesco Bogliacino & Cristiano Codagnone & Giuseppe A. Veltri, 2016. "An introduction to the special issue on “the behavioural turn in public policy: new evidence from experiments”," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 33(3), pages 323-332, December.
    7. Peter Lunn, 2015. "Are Consumer Decision-Making Phenomena a Fourth Market Failure?," Journal of Consumer Policy, Springer, vol. 38(3), pages 315-330, September.
    8. Guilhem Lecouteux, 2022. "The Homer economicus narrative: from cognitive psychology to individual public policies," Working Papers hal-03791951, HAL.
    9. Pedro FrancŽs-G—mez & Lorenzo Sacconi & Marco Faillo, 2012. "Behavioral Business Ethics as a Method for Normative Business Ethics," Econometica Working Papers wp42, Econometica.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Delis, Manthos D. & Kouretas, Georgios P. & Tsoumas, Chris, 2014. "Anxious periods and bank lending," Journal of Banking & Finance, Elsevier, vol. 38(C), pages 1-13.
    2. Andrew Filardo, 2009. "Short-Term Policy Responses to the International Financial Crisis and Risks to Sustainable Medium-Term Policy Frameworks in Asia : Complications Arising from Enduring Global Imbalances," EABER Working Papers 22862, East Asian Bureau of Economic Research.
    3. Chao Gu & Fabrizio Mattesini & Cyril Monnet & Randall Wright, 2013. "Endogenous Credit Cycles," Journal of Political Economy, University of Chicago Press, vol. 121(5), pages 940-965.
    4. K. Vela Velupillai, 2012. ""Dear Professor Mankiw..."- Reflections on Four Decades of Learning and Teaching Macroeconomics," ASSRU Discussion Papers 1206, ASSRU - Algorithmic Social Science Research Unit.
    5. Hoover, Kevin D. & Young, Warren, 2013. "Rational Expectations: Retrospect And Prospect," Macroeconomic Dynamics, Cambridge University Press, vol. 17(5), pages 1169-1192, July.
    6. Jose-Luis Pinto-Prades & Jose-Maria Abellan-Perpiñan, 2012. "When normative and descriptive diverge: how to bridge the difference," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 38(4), pages 569-584, April.
    7. Schüder, Stefan, 2011. "Monetary policy trade-offs in a portfolio model with endogenous asset supply," MPRA Paper 32019, University Library of Munich, Germany.
    8. Trichet, J.C., 2011. "Intellectual challenges to financial stability analysis in the era of macroprudential oversight," Financial Stability Review, Banque de France, issue 15, pages 139-149, February.
    9. Altman, Morris, 2012. "Implications of behavioural economics for financial literacy and public policy," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(5), pages 677-690.
    10. Jon D. Wisman & Barton Baker, 2011. "Increasing Inequality and the Financial Crises of 1929 and 2008," Working Papers 2011-01 JEL classificatio, American University, Department of Economics.
    11. Kirchgässner, Gebhard, 2012. "Sanfter Paternalismus, meritorische Güter, und der normative Individualismus," Economics Working Paper Series 1217, University of St. Gallen, School of Economics and Political Science.
    12. Aleksander Rubinstein, 2013. "The theory of patronized goods in the optics of comparative methodology," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 1(1), pages 4-32, December.
    13. Рубинштейн Александр Яковлевич, "undated". "Методологический Анализ Теории Опекаемых Благ: Научный Доклад [methodological analysis of the Theory of Patronized Goods. Research report]," Working papers a:pru175:ye:2014:1, Institute of Economics.
    14. Martin Binder & Leonhard K. Lades, 2015. "Autonomy-Enhancing Paternalism," Kyklos, Wiley Blackwell, vol. 68(1), pages 3-27, February.
    15. Roberto Fumagalli, 2016. "Decision sciences and the new case for paternalism: three welfare-related justificatory challenges," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 47(2), pages 459-480, August.
    16. Aleksandr Yakovlevich Rubinstein, 2016. "Theory Of Patronized Goods. Liberal Evolution Of Paternalism," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 4(1), pages 6-29, June.
    17. Marco Fabbri & Michael Faure, 2018. "Toward a “constitution” for behavioral policy-making," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 65(3), pages 241-270, September.
    18. Gangl, Katharina & Kastlunger, Barbara & Kirchler, Erich & Voracek, Martin, 2012. "Confidence in the economy in times of crisis: Social representations of experts and laypeople," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(5), pages 603-614.
    19. Yannick Gabuthy & Nicolas Jacquemet, 2013. "Analyse économique du droit et méthode expérimentale," PSE-Ecole d'économie de Paris (Postprint) halshs-00746617, HAL.
    20. Daniel Serra, 2019. "Neuroeconomics and modern neuroscience," CEE-M Working Papers halshs-02160907, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jcopol:v:34:y:2011:i:3:p:289-314. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.