Behavioral Economics: Development, Condition and Perspectives
IJASOS- International E-Journal of Advances in Social Sciences, Vol. III, Issue 8, August 2017
11 Pages Posted: 27 Mar 2018
Date Written: August 31, 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 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: J00, J08, P00
Suggested Citation: Suggested Citation