The Dark Side of Nudges: 1st Edition (Hardback) book cover

The Dark Side of Nudges

1st Edition

By Maria Alejandra Madi

Routledge

104 pages

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Hardback: 9781138338623
pub: 2019-07-10
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Description

The concept of "nudging" has hit news headlines in recent years following the implementation of nudge policies in many parts of the world, the establishment of behavioural policy units in some countries and the award of the Nobel Prize in Economics to the behavioural economist Richard Thaler in 2017. However, questions remain about whether nudging is an optimal approach to policy-making.

This book presents a critical approach to the study of nudging to highlight the foundations, rationale and effects of current policy-making trends in the neoliberal age of behavioural economics. In this provocative book, the author presents a re-examination of the methodological foundations of behavioural economics and its consequences for addressing the deep social and economic policy challenges of our times. It is argued that, although the concept of nudge rejects the theorization of economic knowledge under models of strict rationality, the focus on personal choice and welfare in nudge policies only serves to reinforce the emphasis on methodological individualism in economic thinking and economic policy.

The complexity of social and economic policy problems of the 21st century calls for a revision of our conceptual outlooks, and to increase recognition of the failure of methodological individualism in economics to address the unprecedented social, political, and environmental challenges of globalization. Offering a new take on the epistemological assumptions underlying behaviourally-informed policies, this book will prompt the general public to consider new ideas about the darker side of behavioural economics.

Table of Contents

1. Setting the scene: the concept of nudge

2. The nudge approach to public policy

3. Nudges, individual behavioural design and disembedded economies

4. Nudges: their hidden side

5. Conclusion. Minds and policy-making in the age of behavioural economics

About the Author

Maria Alejandra Caporale Madi is a retired Professor at the Instituto de Economia, State University of Campinas, UNICAMP, Brazil. She is Assistant Editor of the International Journal of Pluralism and a member of the Editorial Board of the International Journal of Green Economics.

About the Series

Routledge Frontiers of Political Economy

In recent years, there has been widespread criticism of mainstream economics. This has taken many forms, from methodological critiques of its excessive formalism, to concern about its failure to connect with many of the most pressing social issues. This series provides a forum for research which is developing alternative forms of economic analysis. Reclaiming the traditional 'political economy' title, it refrains from emphasising any single school of thought, but instead attempts to foster greater diversity within economics.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS023000
BUSINESS & ECONOMICS / Economic History
BUS069000
BUSINESS & ECONOMICS / Economics / General
BUS069030
BUSINESS & ECONOMICS / Economics / Theory