SocraticGadfly: The best refutation ever of libertarianism …

April 23, 2008

The best refutation ever of libertarianism …

Is behavioral economics. Nothing throws a wrench in libertarian spokes better than being able to show, i.e., prove (or show professional proof) that people not only do not make rational economic decisions, they make clearly irrational ones.

I will soon be done with “Predictably Irrational,” a great new introductory book to this issue by a MIT behavioral economist, and posting a review.

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