Sunday, 15 April 2012

The Myth of the Rational Voter (by Brian Caplan)

In his groundbreaking new book, The Myth of the Rational Voter: Why Democracies Choose Bad Policies, economist Bryan Caplan of George Mason University argues that the quality of policymaking in democracies is poor because the incentives facing voters encourage them to choose irrationally. Drawing on survey evidence, Caplan shows that voters are systematically biased in favor of certain harmful economic policies and argues that the scope of democratic choice should be limited.

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