Bryan D Caplan wrote:
This is exactly the sort of position that I'd be rather surprised if Bill, or most proponents of theBut under the theories of irrationality [discussed] here, people can be
quite wrong, and irrationally wrong, even when they feel comfortable and
feel pretty sure. If you're going to posit an irrational [in]ability to reason and accept advise in ordinary people, you must be willing to posit such phenomena in elites and their advisors.
You always say this. Why? The fact that *those dummies* are irrational and don't realize this hardly implies that I might be one of those dummies. Dogs are stupid and don't realize this. It hardly implies that I might be as dumb as a dog.
importance of irrationality for economics, would take. [Yes, it is your position, and the fact that
most people won't take that position doesn't make it wrong.] I know what you say on this; I want
to know what the other folks will say.
