Abstract
Kory Kroft of University of Toronto reviews “Policy and Choice: Public Finance through the Lens of Behavioral Economics” by William J. Congdon, Jeffrey R. Kling, and Sendhil Mullainathan. The EconLit abstract of the reviewed work begins, “Explores how psychological factors reshape core public finance concepts such as moral hazard, deadweight loss, and incidence. Discusses psychology and economics; behavioral economics and public finance; asymmetric information; externalities and public goods; poverty and inequality; and taxation and revenue. Congdon is Research Director with the Economic Studies program at the Brookings Institution. Kling is Associate Director for Economic Analysis at the U.S. Congressional Budget Office. Mullainathan is Professor of Economics at Harvard University. Index.”
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