Does My Vote Matter?

Does My Vote Matter?

According to International IDEA, the United States has almost the lowest voter turnout in the world, ranked a measly 140 out of 163. Perhaps Americans are apathetic, or maybe they’re just concerned their vote is meaningless in the face of America's massive political machine. Can my vote really change the course of politics, or am I just a grain of sand on the massive beach of democracy?

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Art Carden

Evidence Suggests That Voter Errors are Systematically Biased

Art Carden

Economics Professor, Rhodes College

In his excellent book The Myth of the Rational Voter, economist Bryan Caplan shows that voters tend to have systematically biased views on economic issues, which leads democratic systems to select policies that give them the opposite of what they actually want. Farm subsidies are a perfect example.  Agricultural commodities come as close as we can get to the neoclassical model of perfect competition, and yet farm subsidies are every bit as popular in non-farm as in farm states. Votes are very, very noisy signals but prices, on the other hand, convey information very clearly. Caplan argues that deciding things through elections rather than through markets means that we are more likely to make mistakes. Therefore, we should limit the range of things that are decided politically and increase the range of things that are decided through market channels.

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  • Art Carden
    Art Carden is Assistant Professor of Economics and Business at Rhodes College in Memphis, Tennessee and an Adjunct Fellow at the Oakland, California-based... More

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