Mises, bastiat, public opinion, and public choice

@article{Caplan2005MisesBP,
  title={Mises, bastiat, public opinion, and public choice},
  author={B. Caplan and E. Stringham},
  journal={Review of Political Economy},
  year={2005},
  volume={17},
  pages={105 - 79}
}
The political economy of Ludwig von Mises and Frederic Bastiat has been largely ignored even by their admirers. We argue that Mises' and Bastiat's views in this area were both original and insightful. While traditional public choice generally maintains that democracy fails because voters' views are rational but ignored, the Mises–Bastiat view is that democracy fails because voters' views are irrational but heeded. Mises and Bastiat anticipate many of the most effective criticisms of traditional… Expand
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