Good riddance to bad rubbish. The end of the pretend ‘economic science’ called Nudge.
A few years ago, a fad began to rise in the public policy arena. It was called ‘behavioural economics’. Although it had ABSOLUTELY nothing to do with economics, it claimed to be its branch. Some so-called ‘economists’ started touting ‘remedies’ like ‘Nudge’.
I have objected to this farce a number of times, e.g.
- The frightening intrusion of Big Brother “nudge” theories into regulatory conversations
- The assault on liberty from pseudo-economist Thaler and lawyer Sunstein
- The “Do something” disease
- Thaler, Sunstein, Kahneman and other ‘behavioural economics’ proponents: socialists in another guise
I’m glad that Gerd Gigerenzer (about whose work I wrote here) has been waging a war against behavioural economics and Nudge. More details here. Also an extract from a reader’s review of his book, Risk Savvy: How to Make Good Decisions:
“he gently admonishes the concept of nudging (whose most prominent faces are Richard Thaler and Cass Sunstein) by writing, “As a general policy, coercing and nudging people like a herd of sheep instead of making them competent is not a promising vision of democracy” [Source]
Havent’ read Gigerenzer for a while, but good to know that people like him are relentlessly pushing back on this false “science”.
Source: http://www.sabhlokcity.com/2015/08/good-riddance-to-bad-rubbish-the-end-of-the-pretend-economic-science-called-nudge/
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