Glen Whitman Livres

The book delves into the impact of monopoly protection laws established after the end of prohibition, which were intended to safeguard wholesalers and consumers. It critiques how these laws create government-enforced contracts that limit supplier options, resulting in higher prices and diminished quality of alcoholic beverages and services. Through this examination, it highlights the unintended consequences of regulatory measures on the alcohol industry.

This book carefully dissects the claims of nudge theory and other forms of paternalism based on behavioral economics. The authors reveal how paternalist normative standards are unjustified and why paternalist policymaking is unlikely to produce desirable results, arguing instead for a more inclusive theory of rationality in economic policymaking.