Collective Action - in Political Science and Economics

In Political Science and Economics

The economic theory of collective action is concerned with the provision of public goods (and other collective consumption) through the collaboration of two or more individuals, and the impact of externalities on group behavior. It is more commonly referred to as Public Choice. Mancur Olson's 1965 book The Logic of Collective Action: Public Goods and the Theory of Groups, is an important early analysis of the problems of public good cost.

Besides economics, the theory has found many applications in political science, sociology, communication, anthropology and environmentalism.

Read more about this topic:  Collective Action

Famous quotes containing the words political, science and/or economics:

    Not being a K.N. [Know-Nothing] I am left as a sort of waif on the political sea with symptoms of a mild sort towards Black Republicanism.
    Rutherford Birchard Hayes (1822–1893)

    For us necessity is not as of old an image without us, with whom we can do warfare; it is a magic web woven through and through us, like that magnetic system of which modern science speaks, penetrating us with a network subtler than our subtlest nerves, yet bearing in it the central forces of the world.
    Walter Pater (1839–1894)

    Women’s battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.
    Paula Nelson (b. 1945)