‘On the Econ within’: a reply to Daniel Hausman

Abstract

This note replies to a comment by Daniel Hausman on our paper ‘Preference purification and the inner rational agent: a critique of the conventional wisdom of behavioural welfare economics’. We clarify our characterisation of behavioural welfare economics and acknowledge that Hausman does fully endorse this approach. However, we argue that Hausman’s response to our critique, like behavioural welfare economics itself, implicitly uses a model of an inner rational agent.

Keywords:

• preference purification
• inner rational agent
• behavioural welfare economics

Disclosure statement

No potential conflict of interest was reported by the authors.