{"product_id":"policy-and-choice-public-finance-through-the-lens-of-behavioral-economics-9780815722588","title":"Policy and Choice: Public Finance through the Lens of Behavioral Economics","description":"\"\u003cp\u003eTraditional public finance provides a powerful framework for policy analysis, but it relies on a model of human behavior that the new science of behavioral economics increasingly calls into question. In \u003ci\u003ePolicy and Choice\u003c\/i\u003e economists William Congdon, Jeffrey Kling, and Sendhil Mullainathan argue that public finance not only can incorporate many lessons of behavioral economics but also can serve as a solid foundation from which to apply insights from psychology to questions of economic policy.\u003c\/p\u003e\u003cp\u003eThe authors revisit the core questions of public finance, armed with a richer perspective on human behavior. They do not merely apply findings from psychology to specific economic problems; instead, they explore how psychological factors actually reshape core concepts in public finance such as moral hazard, deadweight loss, and incentives.\u003c\/p\u003e\u003cp\u003ePart one sets the stage for integrating behavioral economics into public finance by interpreting the evidence from psychology and developing a framework for applying it to questions in public finance. In part two, the authors apply that framework to specific topics in public finance, including social insurance, externalities and public goods, income support and redistribution, and taxation.\u003c\/p\u003e\u003cp\u003eIn doing so, the authors build a unified analytical approach that encompasses both traditional policy levers, such as taxes and subsidies, and more psychologically informed instruments. The net result of this innovative approach is a fully behavioral public finance, an integration of psychology and the economics of the public sector that is explicit, systematic, rigorous, and realistic.\u003c\/p\u003e\"\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=AUTH-15579962\"\u003eWilliam Congdon\u003c\/a\u003e, \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=AUTH-16644616\"\u003eJeffrey Kling\u003c\/a\u003e, \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=AUTH-5315324\"\u003eSendhil Mullainathan\u003c\/a\u003e\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Brookings Institution Press\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 12\/14\/2011\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 258\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.80lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.10h x 6.10w x 0.60d\u003cbr\u003e\u003cb\u003eISBN13:\u003c\/b\u003e 9780815722588\u003cbr\u003e\u003cb\u003eISBN10:\u003c\/b\u003e 0815722583\u003cbr\u003e\u003cb\u003eBISAC Categories:\u003c\/b\u003e\u003cbr\u003e- \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=CAT-BUS\"\u003eBusiness \u0026amp; Economics\u003c\/a\u003e | \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=BISAC-BUS051000\"\u003ePublic Finance\u003c\/a\u003e\u003cbr\u003e- \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=CAT-POL\"\u003ePolitical Science\u003c\/a\u003e | \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=BISAC-POL029000\"\u003ePublic Policy | Social Policy\u003c\/a\u003e\u003cbr\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e \u003cb\u003eWilliam J. Congdon\u003c\/b\u003e is a research director in the Brookings Institution's Economic Studies program, where he studies how best to apply behavioral economics to public policy. \u003cb\u003eJeffrey R. Kling\u003c\/b\u003e is the associate director for economic analysis at the Congressional Budget Office, where he contributes to all aspects of the agency's analytic work. He is a former deputy director of Economic Studies at Brookings. \u003cb\u003eSendhil Mullainathan\u003c\/b\u003e is a professor of economics at Harvard University and a director of ideas42--a non-profit that applies behavioral science to social problems. He previously taught at the Massachusetts Institute of Technology, and in 2002 he was awarded a MacArthur fellowship. \u003c\/p\u003e","brand":"Brookings Institution Press","offers":[{"title":"Default Title","offer_id":44566349447405,"sku":"9780815722588","price":43.25,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0550\/8097\/6621\/products\/img_dc8de56f-2b12-41f6-9247-26961ef4bd41.jpg?v=1701877941","url":"https:\/\/sureshotbooks.com\/products\/policy-and-choice-public-finance-through-the-lens-of-behavioral-economics-9780815722588","provider":"SureShot Books Publishing LLC","version":"1.0","type":"link"}