Tag: voting

Caplan Notes 3/29, Pub Choice II

Official course notes reference. Related: My proof of markets as an optimal voting system. Important note: His version of ‘expressive voting’ is not the same as the concept (of the same label) which I learned in undergrad from Jonathan Slapin.

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Markets as Optimal Voting Systems

This article demonstrates that markets are an optimized voting system. I argue: Markets maximize corrected voter expression Markets solve Arrow’s Impossibility Theorem Further evidence economics is politics and vice versa. To have an optimal political system we need to have

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