Libertarian paternalism way that will make choosers better off, as judged by themselves" (p. 5); note and consider, the concept paternalism specifically requires a restriction of choice. It is libertarian in the sense that it aims to ensure that "people should be free to opt out of specified arrangements if they choose to do so" (p. 1161). The possibility to opt-out is said to "preserve freedom of choice" (p. 1182). Thaler and Sunstein published "Nudge", a book-length defense of this political doctrine, in 2008 (new edition 2009). Libertarian paternalism is similar to asymmetric paternalism, which refers to policies designed to help people
Basel thaler Basel thaler The Basel Thaler was the currency of the Swiss Canton of Basel until 1798. The currency was issued by both the Canton and the Bishopric of Basel. The basic unit was the thaler, which was subdivided into 30 "Batzen", each of 4 "Kreuzer" or 8 "Rappen". It was replaced by the Frank of the Helvetian Republic in 1798. This was, in turn, replaced by the Basel Frank. The first Thaler were issued between 1542 and 1552 by the city of Basel, together with Thaler between 1542 and 1548. In the 17th and 18th centuries, the canton issued ,