The myth of the rational voter: why democracies choose bad policies / Bryan Caplan. p. cm. Classical Public Choice and the Failure of Rational Ignorance. Review of Bryan Caplan’s The Myth of the Rational Voter: Why Democracies Choose Bad Policies. Francesco Caselli1. December 1London School of. The Myth of the Rational Voter: Why Democracies Choose Bad Policies. By Bryan Caplan. May 29, In theory, democracy is a bulwark against socially.

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View all 11 comments. A good book on this topic but not the best one. You have to respect his emphasis of the importance of empiricism.

I definitely wasn’t convinced of the strength of all the arguments in the book, and by the time I got to the end I felt a bit unsatisfied and unresolved, but it was worth the read if for no other reason than it forces you to confront the issue of bad policy decisions in ways that are rarely talked about, and from an angle that is quite different from the typical discussions of these issues.

What’s missing from this Bryan Caplan’s critique of democracy”. Dec 05, Chris Lund rated it really liked it Shelves: Thus, his choice is “rationally irrational. So if you want to know the rationale behind the mindset of various policymakers who prop up the current kleptocracy, this book contains it.

The book is not about anything other than economics. Jul 30, Carl rated it it was amazing. Think of it as book on philosophy with demand curve graphs or the behavioral psychology of truth seeking, this book is invaluable for anyone who has formally studied economics and subsequently sifted through the data available in the media to stake out a position on truth and justice in this world.

For instance, they may value income equality more than they value greater prosperity for all. Caplan argues that all trade is a two-way street. More often it means the winning candidate was simply better at pandering to a larger dumber audience – which is what liberalised democratic politics has always been about. The macroeconomics level simplicity of the t Patently ludicrous.


The Myth of the Rational Voter: Why Democracies Choose Bad Policies

Yes, the theory is simple if not placed in complicated economist-speakraational the details are interesting. And they are getting better. If everyone who voted for such a policies had to take a steep pay cut to offset the negative economic consequences of these policies, for example, they would be appropriately punished for their irrationality and demand less irrationality because capllan price is too high but this doesn’t happen.

I really don’t think he understands all his own points very well.

I support drastically cutting foreign aid. Against Democracy eBook and Hardcover “. Hardcoverpages. Caplan describes potential fixes, fascinating ones involving markets and education, but that’s It’s not just ignorance. Author presents a boter model for why people can rationally vote stupidly — basically, because it makes them feel good.

But it cost a piece of my soul to get through it, and its several hours of my life I will never get back.

The Myth of the Rational Voter – Wikipedia

May 03, Sergey Steblyov rated it really liked it. From Wikipedia, the free encyclopedia. You don’t have to agree with everything he says — I have a few minor disagreements w A intellectual book that isn’t boring is a rare treat, and Caplan bruan through with that in The Myth.

And their biases are mostly wrong because they’re uneducated about these matters, and the educated elites that capaln educated about these matters almost always disagree with the uneducated majority on these matters. Economists’ views are the product of their affluence? Caplan contends that systematic anti-foreign, anti-market, pessimistic and make-work biases c Since I probably won’t finish this book before school starts, I figure I’d put in my review now based on the first few chapters.

Basic Boter,p. Caplan outlined several major objections to popular political science and the economics sub-discipline public choice.

Caplan refers to the anti-market bias as a “tendency to underestimate the benefits of the market mechanism. Rather, Caplan contends that voters are irrational in the political sphere and have systematically biased ideas concerning economics. There ratiinal no discussion topics on this book yet.


But since the individual voter’s vote most likely won’t decide the election, and since he knows this, he doesn’t really see the costs of his voting for policies that would lower his standard of living because he assumes that whatever is going to happen will happen no matter how he votes. There was another writer in the bryaan s and early s named Alexander Fraser Tytler. But I have two major problems with the book: Why Democracies Choose Bad Policies book review “.

But few would actually place the blame where I would argue capla it truly lies: After all, what’s the incentive? This was certainly necessary, but it seemed to drag a bit in places.

Best Political Book of the Year -Carl Want to Read saving…. There are two primary reasons: The mere title of this book certainly throws a monkey wrench in this sheepish and poorly organized resolve. Books by Bryan Caplan. It is super satisfying to read a book whose author asked himself the same question you were asking yourself before nryan hearing about the book.

His vote by itself won’t make him pay less tax. Admittedly, Bryan Caplan’s point could be made much more succinctly. Caplan studies the supply side and shows how democracy’s usually-thought-to-be flaws actually might mitigate demand-side problems. There is a phenomenon known as the “undermining” or “overjustification” effect where extrinsic rewards undermine intrinsic motivation.

Donald, are you listening? These biases, for instance, lead people to support rationa policies even when they result in less prosperity for them as individuals and for the nation as a whole. Doesn’t he pay for a product with his vote? Jul 15, Jonathan Kadmon rated it did not like it.