Menu
Share
Share this story
Close X
 
Switch to Desktop Site

Call the bluff on campaign fluff

Remember: Every policy promise includes a trade-off.

About these ads

Many of us have had the experience of really trying to listen to a politician give a speech and yet walk away feeling they may not actually have said anything.

It's too bad, especially in this election cycle, when so much seems to ride on choosing between candidates. How can we make informed decisions when we don't understand positions?

The answer: Start thinking a little more like economists – and not just on budget issues.

Economics emphasizes thinking at the margin, focusing on the trade-offs – made necessary by scarcity – that individuals are willing to make between relevant alternatives. Unfortunately, political campaigns blur trade-offs and undermine clear thinking with their language.

Take a recent comment by Hillary Rodham Clinton, "You don't spend what you don't have on what you don't need," she said. The use of the word "need" is a prime example of failing to think at the margin.

Not only do people disagree about what they consider needs, but since many choices are between different needs, merely calling something "a need" diverts attention away from the actual choices.

The word is an example of categorical language misrepresenting marginal choices.

For instance, when pushing food programs, politicians paint food as the most important thing (at other times, they might do the same for housing, education). However, to say that food (or any other good) is categorically more valuable than other things, such as sleep, is a red herring. The relative values of things actually depend greatly on circumstance – as most of us notice when our alarm sounds in the morning.

Next

Page:   1   |   2   |   3


Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.

Loading...