Behavioral Economics – Pro-Government Bias?

Behavioral Economics – Pro-Government Bias by Bryan Caplan, Foundation For Economic Education 95% of BE Policy Proposals Forget That Government Is Run by Humans Behavioral economists often use their findings to argue for government intervention. Critics of behavioral economics often accuse its practitioners of a tacit double standard: Human irrationality is a poor argument for government action because officials are human. Question: Can behavioral economists really neglect such a basic critique of their position? Yes. In “Time for a Behavioral Political Economy” (Review of Austrian Economics 2012), Niclas Berggren classifies over 300 papers in behavioral economics. Does the paper offer any…