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  • The Myth of the Rational Voter

  • Why Democracies Choose Bad Policies
  • Von: Bryan Caplan
  • Gesprochen von: David Drummond
  • Spieldauer: 8 Std. und 44 Min.
  • 4,3 out of 5 stars (8 Bewertungen)

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The Myth of the Rational Voter

Von: Bryan Caplan
Gesprochen von: David Drummond
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Inhaltsangabe

The greatest obstacle to sound economic policy is not entrenched special interests or rampant lobbying, but the popular misconceptions, irrational beliefs, and personal biases held by ordinary voters. This is economist Bryan Caplan's sobering assessment in this provocative and eye-opening book.

Caplan argues that voters continually elect politicians who either share their biases or else pretend to, resulting in bad policies winning again and again by popular demand. Boldly calling into question our most basic assumptions about American politics, Caplan contends that democracy fails precisely because it does what voters want. Through an analysis of Americans' voting behavior and opinions on a range of economic issues, he makes the convincing case that noneconomists suffer from four prevailing biases: they underestimate the wisdom of the market mechanism, distrust foreigners, undervalue the benefits of conserving labor, and pessimistically believe the economy is going from bad to worse. Caplan lays out several bold ways to make democratic government work better - for example, urging economic educators to focus on correcting popular misconceptions and reccomending that democracies do less and let markets take up the slack.

The Myth of the Rational Voter takes an unflinching look at how people who vote under the influence of false beliefs ultimately end up with government that delivers lousy results. With the upcoming presidential election season drawing nearer, this thought-provoking book is sure to spark a long-overdue reappraisal of our elective system.

This book is published by Princeton University Press.

©2007 Princeton University Press (P)2010 Redwood Audiobooks

Kritikerstimmen

"The best political book this year." ( The New York Times)
"Caplan thinks that democracy as it is now practiced cannot be salvaged, and his position is based on a simple observation: 'Democracy is a commons, not a market.'" ( The New Yorker)

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What if voters are irrational?

Finally reread Caplan’s book (this time with the book and audio at the same time) while it’s a book with ideas worth understanding. What I’ve taken away, is probably is concepts about the publics “anti market bias”, “anti foreign bias”, “make work bias” and “pessimistic bias”. I have doubts about, though, whether the biases are universal. Living in Denmark, which is a much smaller nation than the US, some of these policies are so blatantly economically irrational and destructive that even the least bright citizen can realise that giving into them would lead to a scarcity or non-existence if so many products, which we have no chance of producing ourselves. Being a small nation can give you an edge in realising what is in your material interest. Another idea, which I hadn’t thought of, was Caplan’s pointing out that unselfishness, irrational cognition and little slack for politicians is as bad as it gets. If voters are systematically biased and irrational, then when they cast their vote, they don’t even have a selfishness to safe them from choosing policies with bad economic outcomes. The juxtaposition of market fundamentalism to democracy fundamentalism was also worth understanding. Caplan is probably rigget, that we trust democracy to eagerly and are to sceptical towards markets. It’s one point where I myself have changed perspective as I’ve learned and read about markets and economy. It’s not all evident and some of it is counterintuitive, so some of people’s resistance comes from ignorance and inability to comprehend rather than irrationality. A fault in Caplan’s thinking, though, is the primacy of economic outcomes. I also care about prosperity, wealth, the eradication of poverty, but there are also other things which are important and which might impair economic development more or less. Isn’t it irrational only to fixate on economic development and disregard all other considerations and wants that people might rightly or wrongly perceive.

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