• search hit 1 of 2
Back to Result List

Behavioral political economy: A survey

  • In explaining individual behavior in politics, economists should rely on the same motivational assumptions they use to explain behavior in the market: that is what Political Economy, understood as the application of economics to the study of political processes, is all about. In its standard variant, individuals who play the game of politics should also be considered rational and self-interested, unlike the benevolent despot of traditional welfare economics. History repeats itself with the rise of behavioral economics: Assuming cognitive biases to be present in the market, but not in politics, behavioral economists often call for government to intervene in a “benevolent” way. Recently, however, political economists have started to apply behavioral economics insights to the study of political processes, thereby re-establishing a unified methodology. This paper surveys the current state of the emerging field of “behavioral political economy” and considers the scope for further research.

Export metadata

Additional Services

Search Google Scholar
Metadaten
Author: Jan SchnellenbachORCiD, Christian Schubert
DOI:https://doi.org/10.1016/j.ejpoleco.2015.05.002
ISSN:0176-2680
Title of the source (English):European Journal of Political Economy
Document Type:Scientific journal article peer-reviewed
Language:English
Year of publication:2015
Tag:Behavioral political economy; Cognitive biases; Paternalism; Rational irrationality; Social norms; Voting
Volume/Year:40
Issue number:B
First Page:395
Last Page:417
Faculty/Chair:Fakultät 5 Wirtschaft, Recht und Gesellschaft / FG VWL, insbesondere Mikroökonomik
Einverstanden ✔
Diese Webseite verwendet technisch erforderliche Session-Cookies. Durch die weitere Nutzung der Webseite stimmen Sie diesem zu. Unsere Datenschutzerklärung finden Sie hier.