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The Truthiness Hurts

6 Pages Posted: 8 Jun 2010  

Art Carden

Brock School of Business, Samford University; Independent Institute

Mike Hammock

Middle Tennessee State University - Department of Economics and Finance

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Abstract

This essay applies some of the key insights in Bryan Caplan's The Myth of the Rational Voter. We discuss the relevance of cheap signals in political systems as well as the relevance of ideas in public policy with ‘rationally irrational’ voters. We add a fifth bias, ‘stick-it-to-the-man bias’, to Caplan's proposed anti-market, anti-foreign, make-work and pessimistic biases, and we apply them all to environmental policy.

Suggested Citation

Carden, Art and Hammock, Mike, The Truthiness Hurts. Economic Affairs, Vol. 30, Issue 2, pp. 71-76, June 2010. Available at SSRN: https://ssrn.com/abstract=1621981 or http://dx.doi.org/10.1111/j.1468-0270.2010.02004.x

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

Independent Institute ( email )

100 Swan Way
Oakland, CA 94621-1428
United States

Mike Hammock

Middle Tennessee State University - Department of Economics and Finance ( email )

Murfreesboro, TN 37132
United States

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