4: Timur Kuran - The Economics of Revolution and Mass Deception
The Portal
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The New Theory of Preferences Could Have Powerful Implications
Theory of preferences is backwards compatible with standard economics. If your private and public preferences are the same, everything that you're bringing to the table is just some unnecessary extra am variables. When you introduce preference falsification into the picture, when you accept it as something significant, i would suggest its significance is growing. You open up the possibility that our political system can generate outcomes that very few people want - inefficient outcomes.
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