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On The Demand Of Irrational Economics: Naomi Klein Vs. Milton Friedman, Valerio Filoso
On The Demand Of Irrational Economics: Naomi Klein Vs. Milton Friedman, Valerio Filoso
Valerio Filoso
The persistence of demand for economic irrationality, as expressed by the big success gained by the literature on no-globalism, is an empirical puzzle and the recent book by Naomi Klein "The Shock Doctrine" (2007) is a rampant example. An explanation for this anomaly is provided by the theory of rational irrationality advanced by Bryan Caplan (Caplan, 2007). While in the field of natural sciences confutation of wrong theories sets them apart forever, in the field of economics rebutted theories can still have an appeal on nonprofessional readers, even though the underlying theory has already been proved wrong. This is due …