Nudge: Money

December 30, 2008

NudgeThe second part of Nudge deals with the issue of money. Specifically human beings habits around saving, investing and borrowing money. There is also a chapter concerning the privatization of social security, and how if the US government does ever adopt something akin to this they can learn from the Swedes.

The book has begun to fall short of the initial high standard it set for itself.  Their proposed solutions, or “nudges”, towards getting people to save more, invest wiser, and become more educated borrowers seem half baked.  Especially when compared with their treatment of the human conditions leading towards the need for nudges.  I think in an attempt to remain true to their idea of “libertarian paternalism“, their solutions are too incremental and soft to truly address the weighty problems they are dealing with.

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