The tacit dimension and behavioural public policy

Agnès Festré () and Stein Østbye ()
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Agnès Festré: UniCA - Université Côte d'Azur
Stein Østbye: UiT - The Arctic University of Norway [Tromsø, Norway]

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Abstract: In this paper, we revisit the Knowledge Problem addressed by Hayek eight decades ago and emphasised more recently by Rizzo and Whitman in their critique of the new paternalist approach of mainstream behavioral economics promoted by Sunstein and Thaler. We do this in light of the work of Michael Polanyi. Polanyi developed a theory of knowledge which has some commonalities with Hayek's but also departs from it by emphasising the tacit, personal and perceptual dimensions of any process of knowing, thus radically renouncing any attempt of a knowledge typology separating different types of tacit knowledge and even denying that general knowledge could exist independently of tacit knowledge.

Keywords: Hayek; Michael Polanyi; Behavioural economics; Paternalism; Tacit knowledge (search for similar items in EconPapers)
Date: 2024
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Published in Behavioral Public Policy, inPress, ? (?)

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04765865

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