![]() ![]() ![]() Using data from the Survey of Americans and Economists on the Economy (SAEE), Caplan categorizes the roots of economic errors into four biases: anti-market, anti-foreign, make-work, and pessimistic.Ĭaplan refers to the anti-market bias as a "tendency to underestimate the benefits of the market mechanism." : 30 In Caplan's view, people tend to view themselves as victims of the market, rather than participants of it. Throughout the book, Caplan focuses on voters' opinion of economics since so many political decisions revolve around economic issues ( immigration, trade, welfare, economic growth, and so forth). Rather, Caplan contends that voters are irrational in the political sphere and have systematically biased ideas concerning economics. ![]() The Myth of the Rational Voter: Why Democracies Choose Bad Policies is a 2007 book by the economist Bryan Caplan, in which the author challenges the idea that voters are reasonable people whom society can trust to make laws. ![]()
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