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http://ssrn.com/abstract=1674482
 
 

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Mises, Bastiat, Public Opinion, and Public Choice: What's Wrong with Democracy?


Bryan Caplan


George Mason University - Center for Study of Public Choice

Edward Peter Stringham


Fayetteville State University - School of Business and Economics

2005

Review of Political Economy, Vol. 17, No. 1, pp. 79-105, January 2005

Abstract:     
The political economy of Ludwig von Mises and Frederic Bastiat has been largely ignored even by their admirers. We argue that Mises' and Bastiat's views in this area were both original and insightful. While traditional public choice generally maintains that democracy fails because voters' views are rational but ignored, the Mises-Bastiat view is that democracy fails because voters' views are irrational but heeded. Mises and Bastiat anticipate many of the most effective criticisms of tra4itional public choice to emerge during the last decade and point to many avenues for future research.

Number of Pages in PDF File: 45

JEL Classification: D72, H10, P16, B53

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Date posted: September 10, 2010 ; Last revised: December 15, 2010

Suggested Citation

Caplan, Bryan and Stringham, Edward Peter, Mises, Bastiat, Public Opinion, and Public Choice: What's Wrong with Democracy? (2005). Review of Political Economy, Vol. 17, No. 1, pp. 79-105, January 2005. Available at SSRN: http://ssrn.com/abstract=1674482

Contact Information

Bryan Caplan
George Mason University - Center for Study of Public Choice ( email )
Fairfax, VA 22030
United States
703-993-2324 (Phone)
703-993-2323 (Fax)
Edward Peter Stringham (Contact Author)
Fayetteville State University - School of Business and Economics ( email )
Fayetteville, NC 28301
United States
HOME PAGE: http://www.uncfsu.edu/sbe/HackleyChair/Stringham_Bio.htm
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