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Democratizing Behavioral Economics

Liscow, Zachary
; 
Markovits, Daniel
Keywords
Law & behavioral economics; Behavioral economics; Democracy; Policy sciences; Economists
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Faculty Scholarship Series
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Abstract
The article explores an approach to measuring well-being in behavioral law and economics (BLE), called the democratic BLE. Topics discussed include the role of BLE in revolutionizing policymaking, the differences between economists and ordinary people, policy recommendations being made by traditional law and economics, the tendency for thinkers influenced by BLE to insert personal and class biases into their arguments, and the agenda for reform proposed by democratic BLE.
URI
http://hdl.handle.net/20.500.13051/18278