tag:blogger.com,1999:blog-7464708.post4531687240352731333..comments2024-03-22T06:05:36.544-04:00Comments on Kids Prefer Cheese: Caplanian testability?Mungowitzhttp://www.blogger.com/profile/02340064320347875601noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7464708.post-22890557075691213712007-08-01T17:37:00.000-04:002007-08-01T17:37:00.000-04:00The criteria that Caplan would suggest you measure...The criteria that Caplan would suggest you measure economic success by is how well economic policies conform to that of the experts. I find this a bit tough with the lack of consensus in the discipline, but I think some measures might be low capital taxes, low capital taxes relative to labor taxes, loose minimum wage laws. I'm sure you could find other measures. With the assumption that the economics consensus is the right one, one could use economic performance as a metric. <BR/><BR/>As for data- how about using an international panel. Some countries have higher turnout and different people turning out- you could use this variation to see how changes in the electorate (i.e. changes in the voters education etc- factors that Caplan suggests correlate with good economic sense) affect economic policy. <BR/><BR/>I think their are also answers in looking at various forms of democracy- e.g. do regulations passed through legistlation make more economic sense than those passed by ballot initiative (as the former might be better filtered by economic experts)<BR/><BR/>JasonAnonymousnoreply@blogger.com