Authors

Ryan Murphy

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

Creative Commons Attribution-Noncommercial 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 4.0 License.

Included in

Business Commons

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