Title: The Logic of Collective Action: Public Goods and the Theory of Groups by Mancur Olson
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The Logic of Collective Action: Public Goods and the Theory of Groups
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Content: Groups act in their own self-interest. 1. The interests of a group are not the same as the interests of its individual members. ~2. Therefore, individuals do not act in their own self-interest. That answer has been staring them in the face all along... and yet even now in 2013 most economists still fail to recognize it. Humans are neither selfish nor altruistic; we are tribal. We identify ourselves with a group, defining those inside as good and those outside as bad. The definition of the group can vary a great deal;