Abstract

http://ssrn.com/abstract=1151411
 
 

References (12)



 


 



The Truthiness Hurts


Art Carden


Brock School of Business, Samford University

Mike Hammock


Middle Tennessee State University - Department of Economics and Finance

June 25, 2008


Abstract:     
This essay summarizes and applies some of the key insights in Bryan Caplan's The Myth of the Rational Voter. We discuss the relevance of cheap signals in increasingly-complex political systems as well as the relevance of ideas in public policy with "rationally irrational" voters. We also add a fifth bias, "stick-it-to-the-man bias," to Caplan's proposed anti-market, anti-foreign, make-work, and pessimistic biases. We apply these biases to current debates in environmental policy. Combined, these biases give us cause to be skeptical of attempts to correct market failures through the political system.

Number of Pages in PDF File: 27

Keywords: Rational Irrationality, Environmental Economics, Public Choice

JEL Classification: A1, H8, Q5

working papers series


Download This Paper

Date posted: June 27, 2008  

Suggested Citation

Carden, Art and Hammock, Mike, The Truthiness Hurts (June 25, 2008). Available at SSRN: http://ssrn.com/abstract=1151411 or http://dx.doi.org/10.2139/ssrn.1151411

Contact Information

Art Carden (Contact Author)
Brock School of Business, Samford University ( email )
800 Lakeshore Drive
Birmingham, AL 35229
United States
HOME PAGE: http://www.artcarden.com
Mike Hammock
Middle Tennessee State University - Department of Economics and Finance ( email )
Murfreesboro, TN 37132
United States
Feedback to SSRN


Paper statistics
Abstract Views: 993
Downloads: 93
Download Rank: 163,901
References:  12

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo2 in 0.375 seconds