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Mancur Olson’s The Logic Of Collective Action
Part 1 of Paper
....s seminal work Olson details the dynamics of group formation. The central theory is that men and women are rational, correspondingly they maximize benefits and minimize costs; because of this rationality people will not join in collective action unless induced to do so by incentives. A corollary to the central theory.... Part 2 of Paper
.... This cost-benefit analysis says that people want the maximum amount of benefits or results with the least amount of cost (money, time, etc.). A rational person will not join an interest group because the benefits do not outweigh the costs of joining. Olson limits the by-product theory to large and latent groups. This is done because according to Olson’s central theory of collective action small and intermediate groups do not face the collective action problem. In order to properly explore.... |
| Number of words: 1892 - Approximate pages: 7 |
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