The Myth in Paperback

by on August 26, 2008 at 12:18 pm in Current Affairs | Permalink

Just in time for the conventions you can now buy Caplan’s The Myth of the Rational Voter in paperback.   If McCain wins I predict Caplan will be in high demand as half the population dazedly asks what went wrong?  If Obama wins the great and the good will sigh with relief and the Bush years will be written off as an aberration of democracy since righted.

Franklin Harris August 26, 2008 at 12:47 pm

If McCain wins I predict Caplan will be in high demand as half the population dazedly asks what went wrong?

Even though they are arguably even more irrational than McCain’s supporters.

It’s municipal election day where I live. I’m doing the rational thing: not voting.

Mr.Beachbums August 26, 2008 at 2:02 pm

Rational Voter => to made decission regardings track records of the candidate.
The problem the candidate that have no important track records, but have good images exposed, would be seen as if he/she free of the trouble of their predecessors and we could have hope as if the MEssiah is comming from the Sky.
exmpl. Jimmy Charter have no track record could do nothings on “The Hostage Crisis in Iran” 79-81.
Instant noodle Superstar have no experience on middle east crise, have said will brig the troops to Afghant or send them to pakistan.
All Bubble Will Soon Burst => lets the time showed it to us.
The Oil Bubble allready Burst.
Subprime Credit allready Burst.
So What Next.

Rich Berger August 26, 2008 at 2:28 pm

Mr. Beachbums-

I loved your comment. I can’t wait to hear Instant Noodle Superstar’s acceptance speech.

Mr. Econotarian August 26, 2008 at 3:57 pm

“Caplan would tell you that both McCain and Obama reflect all the harmful biases”

Actually McCain is surprisingly free-trade. Or at least he was as a Senator…CATO (http://www.freetrade.org/congress) has Obama as:

Barrier Votes: 36% (4 votes out of 11 opposing trade barriers)
Subsidy Votes: 0% (0 votes out of 2 opposing trade subsidies)
“Interventionist”

McCain on the other hand:

Barrier Votes: 88% (35 votes out of 40 opposing trade barriers)
Subsidy Votes: 80% (8 votes out of 10 opposing trade subsidies)
“Free Trader”

odograph August 26, 2008 at 4:37 pm

You may not believe him Matthew, but from the wsj econ blog:

Daniel McFadden won the Nobel memorial economics prize in 2000 for research focused on modeling individuals’ decision-making process. At a conference for Nobel Laureates in Lindau, Germany, the WSJ’s Joellen Perry spoke with Mr. McFadden about perceptions that Illinois Sen. Barack Obama would pursue a more active government were he to win the presidential election.

Specifically:

McFadden: “I’m an Obama supporter, because I view him as a centrist,† in line with former president Bill Clinton. “Despite his personal failings, Clinton ran a pretty good government and a policy of fiscal restraint.†

He sez either Obama or McCain would be an improvement … an unfortunately common sentiment.

Andrew August 26, 2008 at 5:08 pm

Odograph,

I think you’ve found Occam’s razor on this one. They are pushing hard on the McSame line and will it stick?

I’ve never gotten the feeling that the moderate voter considers McCain to be Bush III. This also hurts McCain with the base. However, all that gang of 10 or whatever it was stuff is distant memory. So, will he win back the base and take the middle, or lose one or both? We shall see.

The leftists decided that Bush is so bad that they could go with a “historic” candidate. So, I agree with Alex, they very well might lose and they will be completely dumbfounded.

odograph August 26, 2008 at 5:13 pm

Andrew, I think primaries might favor the “historic” more than the final election.

Andrew August 26, 2008 at 5:32 pm

The thing about Democrats is that they take this government stuff seriously. It’s kind of like questioning their kid sister’s reputation. So, when the government is under threat, they will hop to. If saving the gov’t calls for fiscal responsibility, this pragmatism may be mistaken for moderateness or even conservatism. And the fact that other people may call them one or the other depending on their orientation to them doesn’t change the stripes on the tiger.

There were a lot of people who felt like you last time (and the time before). They were sure Bush could not get re-elected. They were wrong.

Hopefully Anonymous August 26, 2008 at 5:59 pm

What do you all think about this?

http://andrewsullivan.theatlantic.com/the_daily_dish/2008/08/obamanomics.html

I prefer an empiricist over a “liberal” or a “libertarian”, so Obama sounds pretty good to me at least in this description.

y81 August 26, 2008 at 6:07 pm

I want to see a battle of the bands featuring Instant Noodle Superstar and Crazed Refactoring.

Andrew August 26, 2008 at 7:38 pm

Compass: I took the quiz again and landed almost on top of Milton Friedman.

Yahbut, buying T bills for the lock box isn’t for real either. And besides, how did we get here? That’s why I grudgingly accept that we need an agonizingly slow weening off process. But, you are right, I don’t trust the current crowd to do the right thing.

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