Wednesday, July 04, 2007

Simple Answers to Complex Questions

To resolve a debate on TPMCafe...

Why are economists so lousy at predicting behaviour?

Because axiom-based deduction doesn't work if the axioms suck.

You're welcome.

(Edit: And it can turn you into a bit of a fascist. "The people are voting irrationally, so we should take away their vote?" Just declare yourself El Presidente-For-Life and be done with it, Caplan.)

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