Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If You Use a Screen Reader

This content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.

Libertarian Paternalism Is Not an Oxymoron

Cass R. Sunstein and Richard H. Thaler
The University of Chicago Law Review
Vol. 70, No. 4 (Autumn, 2003), pp. 1159-1202
DOI: 10.2307/1600573
Stable URL: http://www.jstor.org/stable/1600573
Page Count: 44
  • Read Online (Free)
  • Subscribe ($19.50)
  • Cite this Item
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Libertarian Paternalism Is Not an Oxymoron
Preview not available

Abstract

The idea of libertarian paternalism might seem to be an oxymoron, but it is both possible and desirable for private and public institutions to influence behavior while also respecting freedom of choice. Often people's preferences are unclear and ill-formed, and their choices will inevitably be influenced by default rules, framing effects, and starting points. In these circumstances, a form of paternalism cannot be avoided. Equipped with an understanding of behavioral findings of bounded rationality and bounded self-control, libertarian paternalists should attempt to steer people's choices in welfare-promoting directions without eliminating freedom of choice. It is also possible to show how a libertarian paternalist might select among the possible options and to assess how much choice to offer. Examples are given from many areas, including savings behavior, labor law, and consumer protection.

Page Thumbnails

  • Thumbnail: Page 
1159
    1159
  • Thumbnail: Page 
1160
    1160
  • Thumbnail: Page 
1161
    1161
  • Thumbnail: Page 
1162
    1162
  • Thumbnail: Page 
1163
    1163
  • Thumbnail: Page 
1164
    1164
  • Thumbnail: Page 
1165
    1165
  • Thumbnail: Page 
1166
    1166
  • Thumbnail: Page 
1167
    1167
  • Thumbnail: Page 
1168
    1168
  • Thumbnail: Page 
1169
    1169
  • Thumbnail: Page 
1170
    1170
  • Thumbnail: Page 
1171
    1171
  • Thumbnail: Page 
1172
    1172
  • Thumbnail: Page 
1173
    1173
  • Thumbnail: Page 
1174
    1174
  • Thumbnail: Page 
1175
    1175
  • Thumbnail: Page 
1176
    1176
  • Thumbnail: Page 
1177
    1177
  • Thumbnail: Page 
1178
    1178
  • Thumbnail: Page 
1179
    1179
  • Thumbnail: Page 
1180
    1180
  • Thumbnail: Page 
1181
    1181
  • Thumbnail: Page 
1182
    1182
  • Thumbnail: Page 
1183
    1183
  • Thumbnail: Page 
1184
    1184
  • Thumbnail: Page 
1185
    1185
  • Thumbnail: Page 
1186
    1186
  • Thumbnail: Page 
1187
    1187
  • Thumbnail: Page 
1188
    1188
  • Thumbnail: Page 
1189
    1189
  • Thumbnail: Page 
1190
    1190
  • Thumbnail: Page 
1191
    1191
  • Thumbnail: Page 
1192
    1192
  • Thumbnail: Page 
1193
    1193
  • Thumbnail: Page 
1194
    1194
  • Thumbnail: Page 
1195
    1195
  • Thumbnail: Page 
1196
    1196
  • Thumbnail: Page 
1197
    1197
  • Thumbnail: Page 
1198
    1198
  • Thumbnail: Page 
1199
    1199
  • Thumbnail: Page 
1200
    1200
  • Thumbnail: Page 
1201
    1201
  • Thumbnail: Page 
1202
    1202