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:
“We in the South were ready for reconciliation, to be accepted as equals, to rejoin the mainstream of American political life. This yearning for what might be called political redemption was a significant factor in my successful campaign.”
—Jimmy Carter (James Earl Carter, Jr.)
“Vanity of science. Knowledge of physical science will not console me for ignorance of morality in time of affliction, but knowledge of morality will always console me for ignorance of physical science.”
—Blaise Pascal (1623–1662)
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)