A populace designed to serve. In the sub-discipline of economics known as public choice, an important concept is the theory of "rational ignorance." First articulated by political scientist Anthony Downs in the 1950s, and expanded upon by economist Gordon Tullock and others, the theory of rational ignorance holds that it is perfectly rational for ... MOREThomas DiLorenzo: The Rationally Misinformed Voter
A populace designed to serve. In the sub-discipline of economics known as public choice, an important concept is the theory of "rational ignorance." First articulated by political scientist Anthony Downs in the 1950s, and expanded upon by economist Gordon Tullock and others, the theory of rational ignorance holds that it is perfectly rational for ... MORE