Abstract

http://ssrn.com/abstract=1151411
 
 

References (12)



 


 



The Truthiness Hurts


Art Carden


affiliation not provided to SSRN

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


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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)
affiliation not provided to SSRN
Mike Hammock
Middle Tennessee State University - Department of Economics and Finance ( email )
Murfreesboro, TN 37132
United States
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References:  12

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