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Journal of Economic Literature - Book Review

JEL Volume. 49, Issue 4 | leftPrevious Review Next Review right

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Book(s) Reviewed

Policy and Choice: Public Finance through the Lens of Behavioral Economics by William J. Congdon, Jeffrey R. Kling and Sendhil Mullainathan

Published By: Washington, D.C.: Brookings Institution Press
ISBN: 978-0-8157-0498-0
Date of Publication: 2011


Book Review Detail

Reviewed by: Kory Kroft of University of Toronto
Review DOI: 10.1257/jel.49.4.1230.r4
Review Pages: 1241-50

Book Review 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."


Book Review Full-Text Access



Book Review Authors

Kory Kroft of University of Toronto


JEL Classifications

D03: Behavioral Economics: Underlying Principles
D80: Information, Knowledge, and Uncertainty: General
H50: National Government Expenditures and Related Policies: General


Journal of Economic Literature


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