Authors

Ryan Murphy

Publication Date

1-1-2015

Abstract

Bryan Caplan’s The Myth of the Rational Voter popularizes the “near-neoclassical” demand curve for irrationality. This article attempts to show that there is a demand for irrationality at prices higher than zero. This may change policy implications. Many instances of consumer behavior, such as paying a premium for locally produced and “fair trade” goods, the use of local currencies, and the failure to vaccinate children, are other instances of the means-ends irrationality that Caplan observes in political markets.

Document Type

Article

Keywords

Consumer behavior, public choice, rational irrationality, rationality, voter behavior

Disciplines

Business

DOI

DOI: 10.1177/1043463115605478

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.

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Business Commons

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