Wednesday, May 26, 2010

Same Song, Second Verse

A few posts ago, I noted that Thaler and  Sunstein's Nudge advocated for something they called "Libertarian Paternalism."

I was reading Hayek this morning, and he was discussing a book by Dickinson entitled The Economics of Socialism. Dickinson is what Hayek called the third wave of socialists, who mask their real program under the guise of using competitive processes to achieve socialist aims, but in the end want to use government processes to acheive socialist aims.  The part that made me smile:  Dickinson is arguing for what he calls, I kid you not, "Libertarian Socialism."

Now, was it Thaler or Sunstein who read Dickinson?

[And, Sunstein now works for the Obama Administration.  But, surely this is all just a coincidence, right?]

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