“The typical undergraduate microeconomics textbook describes cases where markets are unlikely to produce efficient outcomes. These textbooks often claim that, in principle, government intervention could solve the market failure. However, these textbooks also assume that government both (1) has full… — Jason Brennan Copy Share Image
“In real markets, agents make bad choices. They are often ignorant, misinformed, and irrational. Yet, markets tend to punish agents for making bad choices, and they tend to learn from their mistakes. For instance, if you fail to pay your… — Jason Brennan Copy Share Image
“Adam Smith’s Wealth of Nations was in large part a critique of imperialism. We often associate opposition to imperialism with Marxism and the Left,… — Jason Brennan Copy Share Image
The problem with voting is that because your individual vote makes very little difference, you're voting with a mass of others, you have very… — Jason Brennan Copy Share Image
The power to regulate the economy is the same thing as the power to distribute favors. — Jason Brennan Copy Share Image
It's often considered elitist to say that well maybe voters are uninformed and that they should know more before they cast their votes. It's… — Jason Brennan Copy Share Image
My main worry about referendums is that you are taking a very complicated political question that requires knowledge of a bunch of background facts… — Jason Brennan Copy Share Image
“The typical undergraduate microeconomics textbook describes cases where markets are unlikely to produce efficient outcomes. These textbooks often claim that, in principle, government intervention… — Jason Brennan Copy Share Image
“In light of all this, imagine you are a congressperson. You hear many cries for help. These cries for help only come in the… — Jason Brennan Copy Share Image
I'm skeptical about even educating voters as a chance for being successful. You know, when we look at what people retain from high school… — Jason Brennan Copy Share Image
You tell me to get lost, but if I get lost, your gonna be the 1st one looking for me. — Jason Brennan Copy Share Image
“In real markets, agents make bad choices. They are often ignorant, misinformed, and irrational. Yet, markets tend to punish agents for making bad choices,… — Jason Brennan Copy Share Image
For some reason when it comes to democracy, we seem to think that political knowledge doesn't make any kind of difference or we shouldn't… — Jason Brennan Copy Share Image
When I'm crossing the street, I look both ways and I process the information rationally because if I make a mistake I get hurt,… — Jason Brennan Copy Share Image
