Take a look at both articles and here is my conversation with Richard Thaler:
"To discover to the world something which deeply concerns it, and of which it was previously ignorant; to prove to it that it had been mistaken on some vital point of temporal or spiritual interest, is as important a service as a human being can render to his fellow creatures..." John Stuart Mill, "On Liberty"
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.
Labels:
Nudge,
Obamanomics,
Thaler Schechtman