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Being good and doing good in behavioral policymaking

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  • Mills, Stuart

Abstract

Libertarian paternalism (LP) draws on behavioral economics to advocate for noncoercive, nonfiscal policy interventions to improve individual well-being. However, growing criticism is encouraging behavioral policymaking—long dominated by LP approaches—to consider more structural and fiscally impactful interventions as valid responses to behavioral findings. Keynesian social philosophy allows behavioral policymaking to incorporate these new perspectives alongside existing LP approaches.

Suggested Citation

  • Mills, Stuart, 2024. "Being good and doing good in behavioral policymaking," LSE Research Online Documents on Economics 126299, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:126299
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    File URL: http://eprints.lse.ac.uk/126299/
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    More about this item

    JEL classification:

    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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