Showing posts with label 《The Myth of the Rational Voter》. Show all posts
Showing posts with label 《The Myth of the Rational Voter》. Show all posts

Beyond the Miracle of Aggregation

Democracy as more than Markets
Rationality assumption fail.
Political interests being less relevant, or more implicit, than economics interests.
'Trade-offs' between the utility of ideology and tangible needs.
Natural scientests have long known that the majority disbelieves some of their findings because they contradict religion. Social scientists need to learn that the majority disbelieves some of their findings because they contradict quasi religion. 
Less irrationalities in economic jargon.
Sticking to ideology costs more explicitly, such as in personal wealth.

Market Fundamentalism

quoting a Nobel winner Joseph Stiglitz who 'happily discarded' his own prose,
...the discontent with globalization arises not just from economics seeming to be pushed over everything else, but because a particular view of economics--markedt fundamentalism--is pushed over all other views... 
...opposition to globalization in many parts of the world is not to globalization per se...but to the particular set of doctrines, the Washington Consensus policies that the international financial institutions have imposed...