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Introduction To Public Choice Theory
Word count: 2127 | Approximate pages: 8
"Everybody's business is nobody's business." Russell Hardin, Collective Choice, 1982.
The social phenomena discussed in this series of essays all center around the problem of individuals in groups faced with the choice of doing what is best for themselves or what is best for the group. Instances of the phenomena are called by many different names: "Volunteer's Dilemma", "Prisoner's Dilemma", "Collective Choice", "Rational Choice", "Social Choice", and "Voter's Paradox" to just list a few. Unfortunately, the academic programs that cover these ....
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