False promises? : A sociological critique of the behavioural turn in law and economics

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dc.contributor University of Helsinki, Foundations of European Law and Polity en
dc.contributor.author Frerichs, Sabine
dc.date.accessioned 2017-08-09T08:53:00Z
dc.date.available 2017-08-09T08:53:00Z
dc.date.issued 2011
dc.identifier.citation Frerichs , S 2011 , ' False promises? A sociological critique of the behavioural turn in law and economics ' , Journal of Consumer Policy , vol. 34 , no. 3 , pp. 289-314 . https://doi.org/10.1007/s10603-011-9164-7 en
dc.identifier.issn 0168-7034
dc.identifier.other PURE: 15921577
dc.identifier.other PURE UUID: dcada6d7-ff50-46cd-95f8-2526b8e8ad04
dc.identifier.other Scopus: 80052062852
dc.identifier.uri http://hdl.handle.net/10138/208841
dc.description.abstract Economic bestsellers like Freakonomics and Nudge that mainly address outsiders of the economic discipline are also consumed by lawyers. The latter has already become an important reference in the field of consumer law and policy. In principle, this is nothing to complain about but part of law’s encounter with science, namely the social sciences. Notably, the law and economics movement proved successful in importing economic perspectives into legal discourse. However, it would seem questionable if the law followed each trend on the academic book market. While there has been an increasing emphasis on economic perspectives at the expense of sociological perspectives within the field of law, economy, and society, a major shift can now also be observed in the field of law and economics. With the behavioural turn in law and economics, homo oeconomicus seems to be transformed into Homer Economicus, and consumer law prone to be Simpsonized. In this paper, the turn from neoclassical law and economics to behavioural law and economics will be analyzed from a third, namely sociological perspective: the economic sociology of law. In this framework, it is possible to compare and confront the ‘old’ homo oeconomicus rationalis and the ‘new’ homo oeconomicus behavioralis with a third model – homo oeconomicus culturalis – which demonstrates the limits of the previous models, not least with regard to explaining the recent financial crisis. While governance by nudges might look, at first sight, as a tempting idea, I will question the normative side of this project and emphasize its possible effects on our legal culture and, thereby, our human condition. en
dc.format.extent 26
dc.language.iso eng
dc.relation.ispartof Journal of Consumer Policy
dc.rights en
dc.subject 513 Law en
dc.subject consumer law en
dc.subject 511 Economics en
dc.subject behavioural economics en
dc.subject 5141 Sociology en
dc.subject economic sociology en
dc.subject culture en
dc.subject human condition en
dc.title False promises? : A sociological critique of the behavioural turn in law and economics en
dc.type Article
dc.description.version Peer reviewed
dc.identifier.doi https://doi.org/10.1007/s10603-011-9164-7
dc.type.uri info:eu-repo/semantics/other
dc.type.uri info:eu-repo/semantics/acceptedVersion

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