Every once in a while, it is good to confront one’s own biases. I have to admit, I enjoy it when I see a story about some corrupt politician changing a policy for a bribe. But as a social scientist, I have to admit that this tendency to look for the worst in politics is a bias. America is much less corrupt than most of the world. Despite all of the ruin, our economy still thrives.
In 1972, Gordon Tullock posed interesting question: Given the trillions of dollars of spending and taxes at stake, why is there so little money in U.S. politics? At first, $2 billion might seemlike a lot, but really, it’s trivial compared to the $3,000 billion or so up for grabs. If politicians were really bought and paid for, spending would be a lot higher.
Source: Sunlight Foundation
The Microeconomic Model
In the…
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Utopia, you are standing in it! 
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