Saturday, April 25, 2009

Obamanomics and Nudge

Two interesting pieces trying to figure out Obama's economic policy though the idea of "Nudge." The first article by Franklin Foer, in The New Republic  entitled Nudge-ocracy and the second by Derek Thompson in The Atlantic. Both miss the point that all of these ideas were spelled out over a year ago by Obama's University of Chicago colleagues, Cass Sustein and  Richard Thaler in their book Nudge: Improving Decisions About Health, Wealth, and Happiness.

Take a look at both articles and here is my conversation with Richard Thaler: