The community of advantage

Sugden, Robert (2019) The community of advantage. Economic Affairs, 39 (3). pp. 417-423. ISSN 0265-0665

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Abstract

This paper gives an overview of my recently published book, The Community of Advantage: A Behavioural Economist’s Defence of the Market. I explain that my stance as author is that of a behavioural economist and an economic liberal. The book is an attempt to counter the widespread belief that the findings of behavioural economics justify regulatory interventions in the economy that would previously have been thought unacceptably paternalistic. I argue that competitive markets are desirable, not as an efficient means for satisfying the given preferences of assumedly rational individuals, but as an institutional structure that provides opportunities for whatever voluntary transactions people might want to make.

Item Type: Article
Uncontrolled Keywords: behavioural economics,competitive market,mutual benefit,contractarianism,economics, econometrics and finance(all) ,/dk/atira/pure/subjectarea/asjc/2000
Faculty \ School: Faculty of Social Sciences > School of Economics
Depositing User: LivePure Connector
Date Deposited: 16 Sep 2019 12:30
Last Modified: 05 Jul 2020 23:53
URI: https://ueaeprints.uea.ac.uk/id/eprint/72247
DOI: 10.1111/ecaf.12374

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