- Taschenbuch: 247 Seiten
- Verlag: Brookings Institution Press (14. Dezember 2011)
- Sprache: Englisch
- ISBN-10: 0815722583
- ISBN-13: 978-0815722588
- Größe und/oder Gewicht: 15,6 x 1,5 x 23,4 cm
- Durchschnittliche Kundenbewertung: Schreiben Sie die erste Bewertung
- Amazon Bestseller-Rang: Nr. 306.832 in Fremdsprachige Bücher (Siehe Top 100 in Fremdsprachige Bücher)
- Komplettes Inhaltsverzeichnis ansehen
Policy and Choice: Public Finance through the Lens of Behavioral Economics (Englisch) Taschenbuch – 14. Dezember 2011
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" "Policy and Choice "is a must-read for students of public finance. If you want to learn how the emerging field of behavioral economics can help lead to better policy, there is nothing better."--N. Gregory Mankiw, Harvard University, former chairman of the President's Council of Economic Advisers, and author of "Principles of Economics"
"This fantastic volume will become the standard reference for those interested in understanding the impact of behavioral economics on government tax and spending policies. The authors take a stream of research which had highlighted particular 'nudges' and turn it into a comprehensive framework for thinking about policy in a more realistic world where psychology is incorporated into economic decisionmaking. This excellent book will be widely used and cited."--Jonathan Gruber, Massachusetts Institute of Technology, former Treasury Department official, and author of "Public Finance and Public Policy"
"The proper design of public policy has never been more important, and it will be shaped by the emerging insights of behavioral economics. Congdon, Kling, and Mullainathan have produced a clear and accessible road map to the key issues."--Douglas Holtz-Eakin, American Action Forum president and former director of the Congressional Budget Office
"For decades, economists have been advising governments with an impoverished toolkit because they based their advice on a fully rational depiction of human behavior. This book shows the world how much more powerful economic science can be when it is enriched with important insights from psychology. If you are a public finance scholar or practitioner you need to read this book right now; don't procrastinate!"--Richard H. Thaler, University of Chicago, coauthor of "Nudge"
"Congdon, Kling, and Mullainathan have provided a lucid and crisply written primer on how to apply insights from psychology to important issues that arise in public sector economics. This volume will be of interest not only to students in public finance courses, but also to researchers who want to find out what behavioral economics is all about."--Harvey S. Rosen, Princeton University, former chairman of the President's Council of Economic Advisers, and author of Public Finance
Über den Autor und weitere Mitwirkende
William J. Congdon is a research director in the Brookings Institution's Economic Studies program, where he studies how best to apply behavioral economics to public policy.
Jeffrey R. Kling is the associate director for economic analysis at the Congressional Budget Office, where he contributes to all aspects of the agency's analytic work. He is a former deputy director of Economic Studies at Brookings.
Sendhil Mullainathan is a professor of economics at Harvard University and a director of ideas42a non-profit that applies behavioral science to social problems. He previously taught at the Massachusetts Institute of Technology, and in 2002 he was awarded a MacArthur fellowship.
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The authors first present the basic findings of behavioral economics: people have limited capacity to calculate, they have biases in their thinking that systematically lead to incorrect decisions, they have bounded self-control, and sometimes they care about others. The authors then explain how these things alter the standard analysis of market failures due to asymmetric information, externalities, and public goods. They also address poverty and conclude with a discussion of taxation.
For the most part they provide excellent insights into how to improve policy. If one studies how people actually behave, one has a better chance of achieving one's policy goals. Economists and policy makers should both read this book.
So then why only three stars? The answer is that the book is a chore to read, and it did not have to be that way. It is standard academic prose. To cite just one example, rather than say, "People have selective memories," they actually write, "There are systematic deviations between experienced well-being and recalled well-being." Worse yet, they repeat themselves far too much.
The authors have important things to say. But if they want to reach a broad audience, they should read McCloskey's little book "Economical Writing." Clear prose will earn them a bigger audience.