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Working Paper No. 4. The Benefits of Economic Freedom: A Survey

PublikationWorking paper
Economic Freedom Index, Ekonomisk frihet, Ekonomisk tillväxt, Företagandets villkor, Jämställdhet, Niclas Berggren
Working Paper No. 4.
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Sammanfattning

A new empirical field of research in economics shows that policies characterized by economic freedom produce economic growth. “Economic freedom” means such things as a small government, protection of private property, a well-functioning legal system, free competition and few regulations. The field also shows that under certain conditions, economic freedom improves income equality.

Related content: The Benefits of Economic Freedom: A Survey

Berggren, N. (2002). The Benefits of Economic Freedom: A Survey. Ratio Working Paper No. 4.

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. 118. Choosing One’s Own Informal Institutions
Working paperPublikation
Berggren, N.
Publiceringsår

2008

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

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