Difference between revisions of "Notes"
From Critiques Of Libertarianism
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"Do voters know what they’re doing? According to the typical economist — and many political scientists — the answer is “No, but it doesn’t matter.” How could it not matter? The main argument is that the public’s errors cancel out.[1]" | "Do voters know what they’re doing? According to the typical economist — and many political scientists — the answer is “No, but it doesn’t matter.” How could it not matter? The main argument is that the public’s errors cancel out.[1]" | ||
See Wittman to see if that is the main argument. | See Wittman to see if that is the main argument. | ||
| − | It can't be, because information theory says we cannot represent all the information in one bit. Thus, Caplan is entirely mistaken in his thesis. The real answer is that there is a feedback loop, with voting as the amplifier. This makes politicians move towards positions desired by voters. Some may want to characterize those positions as correct, but the real answer is that there is no blatant incorrectness to the voters perceptions. | + | It can't be, because information theory says we cannot represent all the information in one bit. Thus, Caplan is entirely mistaken in his thesis. The real answer is that there is a feedback loop, with voting as the amplifier. This makes politicians move towards positions desired by voters. Some may want to characterize those positions as correct, but the real answer is that there is no blatant incorrectness to the voters perceptions. Different than initiative or referendum. |
