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Mancur Olson’s The Logic Of Collective Action
Beginning of paper
In 1965 an intellectual bomb was dropped on the field of interest groups, in the form of . In this 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 .... Middle of paper
.... is the rationality of man that is, people maximize benefits while minimizing costs. 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 ....
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Number of words: 1892
Number of pages: 7 (approx. 250 words per double-spaced page)
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