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The Truthiness Hurts

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  • Art Carden
  • Mike Hammock

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

  • Art Carden & Mike Hammock, 2010. "The Truthiness Hurts," Economic Affairs, Wiley Blackwell, vol. 30(2), pages 71-76, June.
    • Handle: RePEc:bla:ecaffa:v:30:y:2010:i:2:p:71-76
    DOI: 10.1111/j.1468-0270.2010.02004.x
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    References listed on IDEAS

    as
    1. Daniel B. Klein & Stewart Dompe, 2007. "Reasons for Supporting the Minimum Wage: Asking Signatories of the "Raise the Minimum Wage" Statement," Econ Journal Watch, Econ Journal Watch, vol. 4(1), pages 125-167, January.
    2. Douglass C. North, 2005. "Introduction to Understanding the Process of Economic Change," Introductory Chapters, in: Understanding the Process of Economic Change, Princeton University Press.
    3. Bryan Caplan, 2007. "Introduction to The Myth of the Rational Voter: Why Democracies Choose Bad Policies," Introductory Chapters, in: The Myth of the Rational Voter: Why Democracies Choose Bad Policies, Princeton University Press.
    Full references (including those not matched with items on IDEAS)

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