Filoso, Valerio (2008): Sulla domanda di economia irrazionale: Naomi Klein vs. Milton Friedman. Forthcoming in: Il Politico
Download (127kB) | Preview
The persistence of demand for economic irrationality, as expressed by the big success gained by the literature on no-globalism, is an empirical puzzle and the recent book by Naomi Klein The Shock Doctrine (2007) is a rampant example. An explanation for this anomaly is provided by the theory of rational irrationality (Caplan, 2007). While in the field of natural sciences confutation of wrong theories sets them apart forever, in the field of economics rebutted theories can still have an appeal on nonprofessional readers, even though the underlying theory has already been proved wrong. This is due to the low private cost of economic opinion and the big gain derived from the illusion of grasping complex economic phenomena.
|Item Type:||MPRA Paper|
|Original Title:||Sulla domanda di economia irrazionale: Naomi Klein vs. Milton Friedman|
|English Title:||On the Demand of Irrational Economics: Naomi Klein vs. Milton Friedman|
|Keywords:||Economic Irrationality, Political Preferences, Antiglobalism|
|Subjects:||A - General Economics and Teaching > A1 - General Economics > A12 - Relation of Economics to Other Disciplines
D - Microeconomics > D7 - Analysis of Collective Decision-Making > D72 - Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior
A - General Economics and Teaching > A1 - General Economics > A11 - Role of Economics; Role of Economists; Market for Economists
|Depositing User:||Valerio Filoso|
|Date Deposited:||07. Jul 2008 10:36|
|Last Modified:||11. Feb 2013 18:35|
CAPLAN, B. (2001a): “Rational Ignorance versus Rational Irrationality,”Kyklos, 54(1), 3–26.
CAPLAN, B. (2001b): “Rational Irrationality and the Microfoundations of Political Failure,” Public Choice, 107(3), 311–331.
CAPLAN, B. (2002): “Systematically Biased Beliefs About Economics: Robust Evidence of Content-Dependent Judgmental Anomalies from the Survey of Americans and Economists on the Economy,” The Economic Journal, 112(479), 433–458.
COLOMBATTO, E. (2003): L’immoralità no-global. Rubbettino, Soveria Mannelli.
DOWNS, A. (1957): An Economic Analysis of Democracy.Harper and Row, New York.
FRIEDMAN, D. D. (1996): Hidden Order: The Economics of Everyday Life. Harper Business.
FRIEDMAN, M. (Sunday, January 19, 2003): “What Every American Wants,” The Wall Street Journal.
KIRZNER, I. M. (1997): “Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach,” Journal of Economic Literature, 35(1), 60–85.
KLEIN, N. (2000): No Logo. Baldini & Castoldi, Milano. (2007): Shock Economy: L’ascesa del capitalismo dei disastri. Rizzoli.
MISES, L. (1998 ): Human Action. A Treatise on Economics. The Ludwig von Mises Institute, Auburn, AL, scholar’s edn.
NORBERG, J. (2008): “The Klein Doctrine – The Rise of Disaster Polemics,” Discussion Paper 102, Cato Institute.
PINCIONE, G., AND F. R. TESÓN (2006): Rational Choice and Democratic Deliberation: A Theory of Discourse Failure. Cambridge University Press, Cambridge, MA.
PIPES, D. (1997): Conspiracy: How the Paranoid Style Flourishes and Where It Comes from. The Free Press, New York, NY.
ROTHBARD, M. N. (2004): Man, Economy, and State with Power and Market. The Ludwig von Mises Institute, Auburn, Alabama, Scholar’s edn.
SAINT-PAUL, G. (2000): “The New Political Economy – Recent Books by Allen Drazen and by Torsten Persson and Guido Tabellini,” Journal of Economic Literature, 38(4), 915–25.
STIGLITZ, J. (September 30, 2007): “Bleakonomics – Review of The Shock Doctrine by Naomi Klein,” New York Times.
STIGLITZ, J. E. (2003): La globalizzazione e suoi oppositori. Einaudi, Torino, 2nd edn.