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My short answer: no.
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My longer answer: no, the success of the DK extensive welfare policies is to a large extent possible given the character of the Danes and therefore they’d most likely not work anywhere else.
Category: economics
Becker and Posner on ‘Libertarian Paternalism’
I have just read a wonderful critique of ‘libertarian paternalism’ by Gary Becker, complemented very nicely by Richard Posner. Some excerpts from both texts below (which also attempt a summary of the main arguments):
The term is indeed an oxymoron.
→ Read more Denmark: Happiest lige nu!
This is an absolutely wonderful (and fun to read) article in the BMJ that a short review in today’s NY Times does not do full justice to.
The article explains why the 5.4 million Danes have consistently ranked as happiest Europeans for more than 30 years, on Eurobarometer surveys (they also rank first on the latest World Map of Happiness). → Read more
This is insane
Rafael Rob, Professor of Economics at U Penn was charged with the murder of his wife. Via Marginal Revolution. Certainly not the best way to draw public attention…
→ Read more Quote for the week 7th to 13th of January ’07
…I was not meaning to suggest that people are dumb. There is such a thing as rational ignorance. It just does not pay most people to become well informed about how markets work.
→ Read more