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„Austrian“ Law and Economics: Behavioral Economics and Paternalistic Law

Lecturer: Prof. Mario J. Rizzo, PhD (New York University)
Date: May 22, 2012 – May 23, 2012 (University of Leipzig)
Venue: University of Leipzig, Grimmaische Straße 12, Room: I 411
Registration: sprenger@wifa.uni-leipzig.de (Deadline: May 15, 2012)

Outline

Tuesday
11:00-12:30   Rationality
01:30-03:00   Irrationality

Wednesday
11:00-12:30   New Paternalism
01:30-03:00   Welfare Economics in the Light of Behavioralism

Readings

Rationality
[1] Ian Steedman, „On Some Concepts of Rationality in Economics“ in Peter E. Earl and Stephen F. Frowen (eds), Economics as an Art of Thought: Essays in Memory of G.L.S.Shackle (Routledge, 2000), 101-123.

Irrationality
[1] Gerd Gigerenzer, „How to Make Cognitive Illusions Disappear,“ in Adaptive Thinking: Rationality in the Real World (Oxford, 2000), 241-266.
[2] Daniel Read, Which Side are You On? The Ethics of Self-Command, Journal of Economic Psychology, vol. 27 (2006), 681-693.

New Paternalism
[1] Richard H. Thaler and Cass R. Sunstein, „Libertarian Paternalism,“ American Economic Association Papers and Proceedings, vol 91, May, 2003, 175-179.
[2] Mario J. Rizzo and D. Glen Whitman, „The Knowledge Problem of New Paternalism,“ Brigham Young University Law Review, 2009, 905-968 (Read 905-931).

Welfare Economics in the Light of Behavioralism
[1] Till Grüne-Yanoff, „Welfare Notions for Soft Paternalism,“ Max Planck Institute of Economics, Evolutionary Economics Group, Jena, Paper #0917 (2009).
[2] Brad Taylor, „Reasonable Homunculi Can Disagree: The Impossibility of Welfare Economics,“ Department of Economics, University of Canterbury, Christchurch, New Zealand (2010).

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