Book Review: Good Intentions Bad Consequences by Phillip Nelson
Title: Good Intentions Bad Consequences: Voters' Information Problems
Author: Phillip Nelson
Genre: Social Science/Sociology
A new approach to understanding voter choice with important implications. There is a substantial class of voters who would like to do “good” but ignore important consequences of their attempts to do so—naïve altruists. The book both shows why such a class exists and tests the implications of that group’s behavior in a setting where other voters are self-interested, others are traditionalists, and imitation plays a big role in voter choice. The book also looks at the policy implications of such behavior accepting as desirable, but not fully achievable, the democratic ideal in which sufficiently informed citizens are given equal weight in political choices. Naïve altruists ignore the anti-growth consequences of redistribution from the rich as a class to the poor as a class. That ignorance produces too much of that redistribution in terms of the democratic ideal.
Politics are such a hot topic now and many people are afraid to even utter anything about them for fear of what kind of a reaction they might get. I have never identified with any specific party, but with the state of the country I try to educate myself as much as I can which is part of the reason I wanted to read this book.
It truly was eye opening on what we need to know as voters and citizens and what we can do to make our country what it needs to be. I would highly recommend this book.
About the Author:
Phillip Nelson has specialized in two fields. The first is information economics in which he has produced seminal work in consumer economics. The second is public choice in which he has written many articles and the book, “Signaling Goodness.” This book melds these two fields producing new insights about voter information problems. He has spent a lifetime teaching graduate courses in these specialties and microeconomics theory at Binghamton University, Columbia University, and the University of Chicago.