The "nudge" that separated families

Source: Acton Institute
by Rev. Ben Johnson

"Richard Thaler, the co-author of Nudge, has won the Nobel Prize for his contributions to behavioral economics. While he decides how best to spend his $1.1 million in prize money, less prosperous families are paying the price for government policies advancing economic paternalism. Thaler suggested in a 2012 New York Times op-ed that the United States follow Europe’s lead in raising the price of gasoline in order to preserve the environment. … The UK government, which Thaler has sometimes served as an adviser, self-consciously crafted tax policy to change consumer behavior on the use of gasoline (or 'petrol,' as the Brits say). … Nudging UK consumers away from gasoline to diesel came at a significant human cost." (10/11/17)