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Cato Podcast

Voters as Mad Scientists

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 5 June 2023

⏱️ 26 minutes

🧾️ Download transcript

Summary

In Voters as Mad Scientists, economist Bryan Caplan explores various aspects of voter irrationality and how we might correct for our own errors of thinking.

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Transcript

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0:00.0

This is the Cator Daily Podcast for Monday, June 5th, 2023.

0:07.0

I'm Caleb Brown.

0:08.0

In his new book, Voters As Mad Scientists, economist Brian Kaplan traces many ways that people deceive

0:14.2

themselves about politics and how the rest of us pay the price. We talked about the

0:19.1

book last month. You are famous, internet famous, regular famous maybe, for the myth of the rational voter,

0:28.0

the idea that voters are not self-interested so much as consistently biased.

0:37.6

So how does that play out with respect

0:40.8

to your sort of simplistic model of politics, the left and right.

0:47.0

This is a case where I deliberately put the word simplistic in the title so there is truth in

0:51.0

advertising I don't want to oversell it but my simplistic

0:53.6

theory of left and right is this the left is anti market the right is anti left

0:58.3

this is not mean that all leftists hate markets this is not mean that all right

1:02.2

wingers hate leftists hate markets. This does not mean that all right wingers hate

1:03.0

leftist. The word that I like to use actually is antipathy. There's just a

1:07.2

resentment of either markets or of the left depending upon what your

1:12.0

position is. The thought experiment that I have is

1:15.3

to imagine you just want to get leftist from all over the world for the last 200 years in a

1:19.1

room and see what they can agree on. Or you want to get right wingers from all over the

1:23.4

world for the last 200 years into a room and see what they can agree on what

1:26.2

would the consensus paper be for the two groups and I say the consensus paper for

1:31.4

the left would be a bunch of complaints about markets and the consensus

1:34.8

paper for the right would be a bunch of complaints about the left. Many people

...

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