Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-nr4z6 Total loading time: 0 Render date: 2024-05-21T17:46:19.339Z Has data issue: false hasContentIssue false

7 - Private Matters

Published online by Cambridge University Press:  16 February 2023

Adam Oliver
Affiliation:
London School of Economics and Political Science
Get access

Summary

In this chapter, I argue that there is no role for manipulative or coercive government paternalism over the private domain of decision-making. Followers of the liberal economic tradition contend that the competitive market is the best means by which to foster social cooperation. However, I maintain that we cannot ignore the fact that the competitive market harbours significant incentives for egoism, particularly in the provision of goods and services that are associated with market failures and where there is scope to exploit the behavioural influences. That said, private decisions that impose unacceptable externalities can be regulated against if needs be, and importantly, in the realm of private decision-making, where people ought to be free to pursue their desires – which includes entering competition with others if they so wish – the need to protect autonomy outweighs the arguments to disallow the competitive market. Moreover, the competitive market offers a means to protect people from poor goods and services by there being alternative suppliers. However, I note once again that governments do have a role to play in nurturing the reciprocal instincts.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2023

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

  • Private Matters
  • Adam Oliver, London School of Economics and Political Science
  • Book: A Political Economy of Behavioural Public Policy
  • Online publication: 16 February 2023
  • Chapter DOI: https://doi.org/10.1017/9781009282574.009
Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

  • Private Matters
  • Adam Oliver, London School of Economics and Political Science
  • Book: A Political Economy of Behavioural Public Policy
  • Online publication: 16 February 2023
  • Chapter DOI: https://doi.org/10.1017/9781009282574.009
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Private Matters
  • Adam Oliver, London School of Economics and Political Science
  • Book: A Political Economy of Behavioural Public Policy
  • Online publication: 16 February 2023
  • Chapter DOI: https://doi.org/10.1017/9781009282574.009
Available formats
×