Whitman on Libertarian Paternalism and the Public-Private Distinction

Joshua Wright July 22, 2009

Truth on the Market View Original Source

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Here’s a great post from Glen Whitman on libertarian paternalism as applied to mortgages and the housing market.  Glen takes Richard Thaler to task for his NY Times piece discussing behavioral economics in the mortgage market and advocating defaults for “plain vanilla” mortgages. Glen’s primary beef is that Thaler ignores the distinction between private and public action…

Read the full piece here.