Fractured Franchise

The average voter is not held in much esteem by economists and political scientists, and Caplan rehearses some of the reasons for this. The argument of his book, though, is that economists and political scientists have misunderstood the problem. They think that most voters are ignorant about political issues; Caplan thinks that most voters are wrong about the issues, which is a different matter, and that their wrong ideas lead to policies that make society ... Full Story »

Posted by Julian Friedland

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Carol Jacobs-Carre
4.0
by Carol Jacobs-Carre - Oct. 1, 2008

The story is a good review of the book, but not an "article" in the sense that it does not examine Bryan Caplan's premises--forinstance, that every economist knows "he average person actually benefits from market competition, which provides the best product at the lowest price; from free trade with other countries, which (for American consumers) usually lowers the cost of labor and thus the price of goods; and from technological change, which redistributes labor from less productive to more productive enterprises." Economists may know this, but economists are talking about average persons as consumers only, not as producers/laborers. Hence the information of the economists is faulty. The average person's assessment of economic situations is always a complex calculation based on imperfect knowledge and many factors, including their life as an economic consumption/production unit. In fact, most economists are consistently irrational in their reductionistic thinking, never going out beyond the charts and graphs that make them so happy, to see what the real world is really like. Which is why they never predict recessions until the recessions are over, and so forth.

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