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Rejoinder to Wittman: True Myths

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  • Bryan Caplan

Abstract

WITTMAN HAS WRITTEN A CHARACTERISTICALLY ENGAGING response to my critique. While he emphasizes his continued disagreement with me, I am struck by the important concessions he makes. In particular, he has virtually abandoned the rational expectations assumption that drives his trademark results. This retreat has a high price, because his new watered-down standards of rationality are consistent with vast democratic inefficiency. Apparently, democratic failure is not a myth after all.

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Bibliographic Info

Article provided by Econ Journal Watch in its journal Econ Journal Watch.

Volume (Year): 2 (2005)
Issue (Month): 2 (August)
Pages: 165-185

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Handle: RePEc:ejw:journl:v:2:y:2005:i:2:p:165-185

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Cited by:
  1. José Jorge Gabriel Júnior, 2011. "Democracia E Racionalidade Do Eleitor:Evidências Dos Pleitos Estaduais," Anais do XXXVIII Encontro Nacional de Economia [Proceedings of the 38th Brazilian Economics Meeting] 066, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
  2. Anthony Evans, 2014. "A subjectivist’s solution to the limits of public choice," The Review of Austrian Economics, Springer, vol. 27(1), pages 23-44, March.

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