Wednesday, February 18, 2004

Economists Are Habitually Disappointed By What Governments Do.

Economist Bryan Caplan looks at sophisms and the importance of economic education.

"The Bastiat-Mises view implies two striking and testable predictions about the configuration of public opinion: First, the status quo will be popular.... Second, the public will have systematically biased beliefs about economics."

Mises and Bastiat on How Democracy Goes Wrong, Part II

And don't miss Part One at The Library of Economics and Liberty

Links to this post:

Create a Link

<< Home