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Working Paper No. 118. Choosing One’s Own Informal Institutions

PublikationWorking paper
Företagandets villkor, Institutionell ekonomi, Liberalism, Niclas Berggren, Rättsstat, Reformer
Working Paper No. 118.
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Sammanfattning

In the main, Hayek favored rules that apply equally to all and located such rules in tradition, beyond conscious construction. This led Hayek to attack Keynes’s immoralism, i.e. the position that one should be free to choose how to lead one’s life irrespective of the informal institutions in place. However, it is argued here that immoralism may be compatible with Hayek’s enterprise since Hayek misinterpreted Keynes, who did not advo-cate the dissolving of all informal rules for everybody. By avoiding this misinterpretation, immoralism can be seen as institutional experimentation at the margin, which Hayek himself favored.

Related content: Choosing One’s Own Informal Institutions

Working Paper No. 118. Niclas Berggren (2008). Choosing One’s Own Informal Institutions: On Hayek’s Critique of Keynes’s Immoralism.

Baserat på innehåll

Working Paper No. 166. “Time for behavioral political economy? An analysis of articles in behavioral economics?”
Working paperPublikation
Berggren, N.
Publiceringsår

2011

Publicerat i

Ratio Working Paper

Sammanfattning

This study analyzes leading research in behavioral economics to see whether it contains advocacy of paternalism and whether it addresses the potential cognitive limitations and biases of the policymakers who are going to implement paternalist policies. The findings reveal that 20.7% of the studied articles in behavioral economics propose paternalist policy action and that 95.5% of these do not contain any analysis of the cognitive ability of policymakers. This suggests that behavioral political economy, in which the analytical tools of behavioral economics are applied to political decision-makers as well, would offer a useful extension of the research program. Such an extension could be related to the concept of robust political economy, according to which the case for paternalism should be subjected to “worst-case” assumptions, such as policymakers being less than fully rational.

Working Paper No. 166. “Time for behavioral political economy? An analysis of articles in behavioral economics?”
Working paperPublikation
Berggren, N.
Publiceringsår

2011

Publicerat i

Ratio Working Paper

Sammanfattning

This study analyzes leading research in behavioral economics to see whether it contains advocacy of paternalism and whether it addresses the potential cognitive limitations and biases of the policymakers who are going to implement paternalist policies. The findings reveal that 20.7% of the studied articles in behavioral economics propose paternalist policy action and that 95.5% of these do not contain any analysis of the cognitive ability of policymakers. This suggests that behavioral political economy, in which the analytical tools of behavioral economics are applied to political decision-makers as well, would offer a useful extension of the research program. Such an extension could be related to the concept of robust political economy, according to which the case for paternalism should be subjected to “worst-case” assumptions, such as policymakers being less than fully rational.

Working Paper No. 27. Does Belief in Ethical Subjectivism Pose a Challenge to Classical Liberalism?
Working paperPublikation
Berggren, N.
Publiceringsår

2003

Sammanfattning

Classical liberalism stresses the desirability of free markets, limited government and the rule of law. As such, it builds on some moral judgments. According to ethical objectivism, such judgments (in themselves always personal and subjective) can be true or false since objective moral facts exist against which the judgments can be assessed. Ethical subjectivism denies the existence of objective moral facts. This paper asks: Does it matter whether people believe that objective moral facts exist – in general and for a defense of classical liberalism? It is argued that the answer is in the negative. The implication for classical liberal strategy is that attempts to argue that a certain metaethical foundation is needed should be abandoned.

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