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The Economics of Excess: Addiction, Indulgence, and Social Policy

The Economics of Excess: Addiction, Indulgence, and Social Policy

Paperback

EconomicsAddiction & Recovery

ISBN10: 0804761485
ISBN13: 9780804761482
Publisher: Stanford Economics & Finance
Published: Aug 16 2011
Pages: 208
Weight: 0.65
Height: 0.70 Width: 5.90 Depth: 8.80
Language: English

The Economics of Excess discusses both standard and behavioral economics as they apply to addiction, indulgence, and social policy.

Chapter One provides a thorough discussion of economic models of addiction. The model developed in most detail takes into account both standard and behavioral approaches. The next three chapters examine specific indulgences: smoking, drinking, and overeating. The heart of this book is its comprehensive discussion of what is often referred to as the new paternalism. Many economists are now challenging the more traditional belief that, unless they are harming others, people should be left to their own indulgences. As more and more economists are arguing for policies that are designed to protect people from themselves, this book offers a serious, yet accessible, discussion of the pros and cons of such interventions.

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