Publication Date
1-1-2015
Abstract
Abstract: This paper considers how Bryan Caplan’s concept of rational irrationality may manifest in various political institutional arrangements, building off the demand curve for irrationality. Mob democracy, anarchy, autocracy, and constitutionally constrained democracy are the governance structures addressed. While anarchy is strictly better than mob democracy, under certain conditions, democracy, anarchy, or constitutionally constrained democracy may yield the best outcomes depending on the circumstances.
Document Type
Article
Keywords
rational irrationality, comparative institutional analysis, anarchy, autocracy
Disciplines
Business
DOI
DOI 10.1515/jeeh-2015-0005
Source
Journal des Économistes et des Études Humaines 21, no. 1-2
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-Share Alike 4.0 International License.
