Rational Irrationality Across Institutional Contexts
2015 ◽
Vol 21
(1-2)
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AbstractThis 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.
2021 ◽
pp. 002085232199755
2020 ◽
Vol 72
(S1)
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pp. 351-373
2007 ◽
Vol 101
(3)
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pp. 443-458
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2014 ◽
Vol 1039
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pp. 476-483
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1969 ◽
Vol 27
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pp. 6-7
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1982 ◽
Vol 40
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pp. 680-681