Tag Archives: Bryan Caplan

Voting, cheering, and exploitation

In his little book ‘Game Theory: A Very Short Introduction‘ Ken Binmore writes: Real people seldom think rational thoughts about whether to vote or not. Even if they did, they might feel that going to the polling booth is a … Continue reading

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Voting anarchists

One of the longest ongoing debates in anarchism concerns the morality of voting. Thomas Woods has weighed in and not only believes that it is not immoral to vote, but that there are good reasons to vote for a candidate … Continue reading

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Anti-market bias, unemployment and immigration

Economist Bryan Caplan discusses the important topic of market-clearing wages. Why are wages not falling during the recession in order to establish equilibrium and full employment? Caplan gives an answer that seems common sense but receives little attention from professional … Continue reading

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Animal spirits in public policy

In the Summer 2009 issue of the Independent Review, Arnold Kling reviews George A. Akerlof and Robert J. Shiller’s new book Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism. Reading his review, one … Continue reading

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Understanding business cycles

In his book Recessions and Depressions: Understanding Business Cycles, Todd A. Knoop points out that a Rational Expectations perspective does not necessarily require that all segments of society are rational or use all available information: Those who are rational will … Continue reading

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