normative

Paternalism can be justified protection

Paternalism is not inherently a bad word—it might be called parentalism—because behavioral economics shows none of us perfectly decide in our own best interest; just as parents must protect children, consumer-protection bodies like the SEC, prescription-drug requirements, and proposed soda-size limits protect vulnerable adults from poorly understood products and self-harm, so policy can sit between laissez-faire and outright bans.

normativepending

Speaker

Alvin Roth

Evidence Quote

behavioral economics is the part of economics that says not all of us are completely good at deciding things in our own best interest... You can do something in between laissez-faire and banning a market.

Source

353 | Alvin Roth on the Economics of Morally Contested MarketsSean Carroll's Mindscape
Created: 6/13/2026, 12:30:11 AM

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