The Irrelevance of Economic Theory to Understanding Economic Ignorance

Critical Review: A Journal of Politics and Society 20 (3):195-258 (2008)
  Copy   BIBTEX

Abstract

Bryan Caplan’s The Myth of the Rational Voter treats several immensely important and understudied topics—public ignorance of economics, political ideology, and their connection to policy error—from an orthodox economic perspective whose applicability to these topics is overwhelmingly disproven by the available evidence. Moreover, Caplan adds to the traditional and largely irrelevant orthodox economic notion of rational public ignorance the claim that when voters favor counterproductive economic policies, they do so deliberately, i.e., knowingly. This leads him to assume (without any evidence) that “emotion or ideology” explain mass economic error. Straightforward, unchosen mass ignorance of economic principles—neither “rational” nor “irrational,” but simply mistaken—is a more coherent explanation for economic error, and it is backed up by the vast body of public‐opinion research.

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 91,386

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Policy Recommendations as Spurious Predictions: Toward a Theory of economists' Ignorance.Adam Fforde - 2011 - Critical Review: A Journal of Politics and Society 23 (1-2):105-115.
Hayek and economic ignorance: Reply to Friedman.Israel M. Kirzner - 2006 - Critical Review: A Journal of Politics and Society 18 (4):411-415.
Economic man – or straw man?Ken Binmore - 2005 - Behavioral and Brain Sciences 28 (6):817-818.
Education and the Logic of Economic Progress.Tal Gilead - 2012 - Journal of Philosophy of Education 46 (1):113-131.
What's wrong with economic history?William H. Sewell - 2012 - History and Theory 51 (3):466-476.
J.S. Mill's Conception Of Economic Freedom.B. Baum - 1999 - History of Political Thought 20 (3):494-530.
Economics and reality.Tony Lawson - 1997 - New York: Routledge.

Analytics

Added to PP
2014-01-21

Downloads
52 (#299,806)

6 months
7 (#411,886)

Historical graph of downloads
How can I increase my downloads?

Author's Profile

Jeffrey Friedman
University of California, Berkeley

Citations of this work

Against Epistocracy.Paul Gunn - 2019 - Critical Review: A Journal of Politics and Society 31 (1):26-82.
The Ongoing Debate Over Political Ignorance: Reply to My Critics.Ilya Somin - 2015 - Critical Review: A Journal of Politics and Society 27 (3-4):380-414.
Democracy and Epistocracy.Paul Gunn - 2014 - Critical Review: A Journal of Politics and Society 26 (1-2):59-79.

View all 17 citations / Add more citations

References found in this work

The nature of belief systems in mass publics (1964).Philip E. Converse - 2006 - Critical Review: A Journal of Politics and Society 18 (1-3):1-74.
Motivated Skepticism in the Evaluation of Political Beliefs (2006).Charles S. Taber & Milton Lodge - 2012 - Critical Review: A Journal of Politics and Society 24 (2):157-184.
Motivated Skepticism in the Evaluation of Political Beliefs (2006).Charles S. Taber & Milton Lodge - 2006 - Critical Review: A Journal of Politics and Society 24 (2):157-184.
Voter ignorance and the democratic ideal.Ilya Somin - 1998 - Critical Review: A Journal of Politics and Society 12 (4):413-458.

View all 16 references / Add more references