Can I read Policy and Choice : Public Finance Through the Lens of Behavioral Economics on EtoBox?

Policy and Choice : Public Finance Through the Lens of Behavioral Economics by William J. Congdon, Jeffrey R. Kling, and Sendhil Mullainathan is a book available to read on EtoBox.

What is Policy and Choice : Public Finance Through the Lens of Behavioral Economics about?

Traditional public finance provides a powerful framework for policy analysis, but it relies on a model of human behavior that the new science of behavioral economics increasingly calls into question. In *Policy and Choice* economists William Congdon, Jeffrey Kling, and Sendhil Mullainathan argue that public finance not only can incorporate many lessons of behavioral economics but also can serve as a solid foundation from which to apply insights from psychology to questions of economic policy. The authors revisit the core questions of public finance, armed with a richer perspective on human behavior. They do not merely apply findings from psychology to specific economic problems; instead, they explore how psychological factors actually reshape core concepts in public finance such as moral hazard, deadweight loss, and incentives. Part one sets the stage for integrating behavioral economics into public finance by interpreting the evidence from psychology and developing a framework for applying it to questions in public finance. In part two, the authors apply that framework to specific topics in public finance, including social insurance, externalities and public goods, income support

Author

William J. Congdon, Jeffrey R. Kling, and Sendhil Mullainathan

Publisher

Washington, D.C.: Brookings Institution Press

Published

2011

Language

EN

ISBN

9780815722588

Subjects

Business, Finance, Political Science