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by WalterBright 3322 days ago
Sam Peltzman goes into great detail on this issue in his book "Regulation of Pharmaceutical Innovation."
1 comments

Which is published by the American Enterprise Institute, a conservative think tank, known among other things, for climate change denialism of all sorts: 1) saying it will be minor / non-existent, 2) if it is real, it won't cost much to mitigate 3) bribing scientists as a last resort to get their alternative facts out.
We aren't talking about climate change or the AEI. What specific criticisms of the book to you have?
I read books to gain information. Books are convenient collections of facts where ideally the author has gone through the trouble of scholarship and synthesis. Thus, when I read any book, I like starting with a high bayesian prior of being able to trust the information in it, without having to fact check the statements. Indeed, this is the primary value I get from reading a book as opposed to looking stuff up myself.

Now, when the publisher is known for publishing lies and distortions, it reduces my bayesian prior that their publications are any good, particularly given the explicit stated mission of this institution is to push a given political viewpoint. It is not about the flavor politics: I don't read anything by left-wing think tanks either. It is hard to distinguish fact from fiction when one reads propaganda from an organization whose purpose is to produce intellectualized propaganda.

Thus, my criticism of the book is - I am not able to trust the author or the publisher, due to the publisher having broken that trust earlier by lying to me. The author made a bad choice by choosing a publisher who publishes propaganda. Too bad. Trust is a pre-requisite I have for taking someone's writing seriously. So there you go.

This is why we have reviews/ratings etc. We trust our fellow readers too, and try to extend the chain of trust.

AEI operates with so much of an agenda that it would be impossible for me to pick up that book and read it without the filter of AEI published it. I'd constantly be on guard for where the authors tries to inject "Regulation? Booooo, hisss" sentiments.
You didn't answer the question.
Yes, he did. It was specific. I have a similar opinion.

Because the publisher also engages in climate change denial and other such thing, it is hard to trust anything in This book - even though it is a different subject. I couldn't read it and trust any factual bits presented to me - the worst case scenario is that I get these "facts" mixed up with things that are from more credible places without having the time or inclination to fact-check everything in the book.

> Yes, he did. It was specific.

It was specific about the authors, but the question was about specifics of the book. Still not one bit of information about the book in sight in this sub-thread.

I don't care either way, as a bored HN reader going through this and that thread I just noticed the discrepancy, and while I have nothing to say about the subject being discussed I am able to see that the discussion itself does not have much substance but lots of partisan voting in lieu of substance. Come on guys, you do what you routinely accuse the other side of doing.

Yes, this is why I cancelled my New York Times subscription, and have been recommending everyone else do as well. They are now in the business of publishing climate denial propaganda for profit. Don't support it.