Behavioral Economics: Development, Condition and Perspectives
Proceedings of SOCIOINT 2017- 4th International Conference on Education, Social Sciences and Humanities 10-12 July 2017- Dubai, UAE
12 Pages Posted: 28 Jul 2017
Date Written: July 10, 2017
The study examines the place of behavioral economics in the structure of economic science and the practice of state regulating. The thesis that neoclassicism is an appropriate normative approach for analyzing human behavior is defended but the comparative advantages are on the side of behavioral economics in the answers of inscriptive, diagnostic, prognostic and perspective questions. It tracks the historical roots, the ideas of behavioral economics for the limited rationality, will, and egoism are presented in short as well as the contribution of the behavioral approach to the state intervention’s ideology and practice. The libertarian paternalism idea and its role for the transformation of “state of wealth” into the gaining clearer and clearer outlines “new paternalistic state” are presented.
Keywords: behavioral economics, libertarian paternalism, nudge
JEL Classification: D03, D72
Suggested Citation: Suggested Citation