The myth of the rational voter : why democracies choose bad policies / Bryan Caplan.
Material type: TextLanguage: English Publication details: Princeton : Princeton University Press, c2007.Description: x, 276 p. : ill. ; 24 cmISBN:- 9780691138732
- HD87 .C37 2007
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HD82.W535M66 1951 Money, trade, and economic growth / | HD82.W55 1964 Planning and growth / | HD87.A26 1998 The foundations of economic policy : | HD87.C37 2007 The myth of the rational voter : | HD87.E26 1987 Economic policy : | HD87.E26 1994 Economic thought and political theory / | HD87.E26 2010 Economic policy : |
Includes bibliographical references and index.
Introduction. The paradox of democracy -- ch. 1. Beyond the miracle of aggregation -- ch. 2. Systematically biased beliefs about economics -- ch. 3. Evidence from the survey of Americans and economists on the economy -- ch. 4. Classical public choice and the failure of rational ignorance -- ch. 5. Rational irrationality -- ch. 6. From irrationality to policy -- ch. 7. Irrationality and the supply side of politics -- ch. 8. "Market fundamentalism" versus the religion of democracy -- ch. 9. Conclusion. In praise of the study of folly.
"Caplan argues that voters continually elect politicians who either share their biases or else pretend to, resulting in bad policies winning again and again by popular demand. Calling into question our most basic assumptions about American politics, Caplan contends that democracy fails precisely because it does what voters want. Through an analysis of American's voting behavior and opinions on a range of economic issues, he makes the case that noneconomists suffer from four prevailing biases: they underestimate the wisdom of the market mechanism, distrust foreigners, undervalue the benefits of conserving labor, and pessimistically believe the economy is going from bad to worse. Caplan lays out several ways to make democratic government work better.
Economics
Political Science & Sociology
Nuri Mahajabi
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