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  1. Bryan Caplan, Anarchist Theory FAQ.
    I heartily accept the motto, - "That government is best which governs least;" and I should like to see it acted up to more rapidly and systematically. Carried out, it finally amounts to this, which I also believe, - "That government is best which governs not at all;" and when men are prepared for it, that will be the kind of government which they will have.
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  2. Bryan Caplan, Networks, Anarcho-Capitalism, and the Paradox of Cooperation.
    JEL Classifications: L13, K42, L15 Keywords: anarcho-capitalism, networks, collusion Abstract: There is a tension between libertarians' optimism about private supply of public goods and their skeptical of the viability of voluntary collusion. (Cowen 1992; Cowen and Sutter 1999) Playing off this asymmetry, Cowen (1992) advances the novel argument that the "free market in defense services" favored by anarcho-capitalists is a network industry where collusion is especially feasible. The current article dissolves Cowen's asymmetry, showing that he fails to distinguish between self-enforcing (...)
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  3. Bryan Caplan (2009). Majorities Against Utility: Implications of the Failure of the Miracle of Aggregation. Social Philosophy and Policy 26 (1):198-211.
    A surprising conclusion of modern political economy is that democracies with highly ignorant voters can still deliver very good results as long as voters' errors balance each other out. This result is known as the Miracle of Aggregation. This paper begins by reviewing a large body of evidence against this Miracle. Empirically, voters' errors tend to be systematic; they compound rather than cancel. Furthermore, since most citizens vote for the policies they believe are best for society, systematic errors lead voters (...)
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  4. Scott Althaus, Bryan Caplan, Jeffrey Friedman, Ilya Somin & Nassim Nicholas Taleb (2008). Roundtable 1: Public Ignorance: Rational, Irrational, or Inevitable? Critical Review 20 (4):423-444.
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  5. Bryan Caplan (2008). Reply to My Critics. Critical Review 20 (3):377-413.
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  6. Bryan Caplan (2007). Have the Experts Been Weighed, Measured, and Found Wanting? Critical Review 19 (1):81-91.
    ABSTRACT Tetlock's Expert Political Judgment is a creative, careful, and mostly convincing study of the predictive accuracy of political experts. My only major complaints are that Tetlock (1) understates the predictive accuracy of experts, and (2) does too little to discourage demagogues from misinterpreting his work as a vindication of the wisdom of the average citizen. Experts have much to learn from Tetlock's epistemological audit, but there is still ample evidence that, compared to laymen, experts are very good.
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  7. Bryan Caplan (2005). Toward a New Consensus on the Economics of Socialism: Rejoinder to My Critics. Critical Review 17 (1-2):203-220.
    Abstract This has been an unusually productive exchange. My critics largely accept my main theoretical claims about economic calculation and socialism. They have also started to do what advocates of the Misesian view should have been doing for decades: offer empirical evidence that that the calculation problem is serious. While I continue to believe that incentive problems explain most of the failures of socialism, I am slightly less confident than I was before. Fortunately, there are many unexploited sources of information (...)
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  8. Bryan Caplan (2004). Is Socialism Really “Impossible”? Critical Review 16 (1):33-52.
    Abstract In the 1920s, Austrian?school economists began to argue that in a fully socialized economy, free of competitively generated prices, central planners would have no way to calculate which methods of production would be the most economical. They claimed that this ?economic calculation problem? showed that socialism is ?impossible.? Although many believe that the Austrian position was later vindicated by the collapse of the Soviet bloc, the Austrian school's own methodology disallows such a conclusion. And historical evidence suggests that poor (...)
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