The general assumption that social policy should be
utilitarian--that society should be organized to yield the greatest
level of welfare--leads inexorably to increased government
interventions. Historically, however, the science of economics has
advocated limits to these interventions for utilitarian reasons and
because of the assumption that people know what is best for
themselves. But more recently, behavioral economics has focused on
biases and inconsistencies in individual behavior. Based on these
developments, governments now prescribe the foods we eat, the
apartments we rent, and the composition of our financial
portfolios." The Tyranny of Utility" takes on this rise of
paternalism and its dangers for individual freedoms, and examines
how developments in economics and the social sciences are leading
to greater government intrusion in our private lives.
Gilles Saint-Paul posits that the utilitarian foundations of
individual freedom promoted by traditional economics are
fundamentally flawed. When combined with developments in social
science that view the individual as incapable of making rational
and responsible choices, utilitarianism seems to logically call for
greater governmental intervention in our lives. Arguing that this
cannot be defended on purely instrumental grounds, Saint-Paul calls
for individual liberty to be restored as a central value in our
society.
Exploring how behavioral economics is contributing to the
excessive rise of paternalistic interventions, "The Tyranny of
Utility" presents a controversial challenge to the prevailing
currents in economic and political discourse.
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