Tag: Paternalism
No-Ho-Ho: The Economics of Holiday Gift Giving

With holiday gift shopping in season and the COVID-19 pandemic rampant, consider the relative merits of giving cash instead of presents. A study of gift giving found that recipients undervalue presents by as much as 30 percent of the purchase price. Givers, by contrast, implicitly value them more or less fully ex ante; otherwise...
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Against the Maternal State

In the late nineteenth century, many Americans took pride in living in a country that boasted so much freedom. In describing their society and polity, they often contrasted them with what they called paternalism, which they believed was the rule in certain European countries, such as Germany, where a proto-welfare state began to be...
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Time to KO the Idea of Boxing Bans

Upon watching the first session of women’s Olympic boxing in London in 2012, leading neuroscientist John Hardy stated that, We shouldn’t get our fun out of watching people inflict brain damage on each other. To me as a neurologist it’s almost surreal. Indeed, boxing has a reputation for producing some real medical nightmares. Having...
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Individual Liberties and the Right to Die

About three months ago, 29-year-old Brittany Maynard ended her life. Diagnosed with a rare form of cancer, her prognosis was less than grim, with the average life expectancy of similar patients about 14 months. Upon receiving her diagnosis, Maynard and her husband moved to Oregon, where the state’s “Death with Dignity” law would allow...
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Economics 101: Uber’s Prices Don’t “Exploit” People

The past few weeks have been full of travel—between Denver, Atlanta, Louisville, and Washington, D.C., I’ve had more than my fair share of layovers and flight delays. (I was also forced to contemplate what terrible thing I might have done to deserve sitting next to the woman who let out a scream every time...
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