Political Science (Model of Revolutions)
In political science, the 'J-curve' is part of a model developed by James Chowning Davies to explain political revolutions. Davies asserts that revolutions are a subjective response to a sudden reversal in fortunes after a long period of economic growth, which is known as relative deprivation. Relative deprivation theory claims that frustrated expectations help overcome the collective action problem, which in this case may breed revolt. Frustrated expectations could result from several factors, including growing levels of inequality within a country, which may mean those who are increasingly poor relative to the rich are getting less than they expected, or a period of sustained economic development, lifting general expectations, followed by a crisis.
This model is often applied to explain social unrest and efforts by governments to contain this unrest. This is referred to as the Davies' J-Curve, because economic development followed by a depression would be modeled as an upside down and slightly skewed J.
Read more about this topic: J Curve
Famous quotes containing the words political and/or science:
“A political leader must keep looking over his shoulder all the time to see if the boys are still there. If they arent still there, hes no longer a political leader.”
—Bernard Baruch (18701965)
“The true knowledge or science which exists nowhere but in the mind itself, has no other entity at all besides intelligibility; and therefore whatsoever is clearly intelligible, is absolutely true.”
—Ralph J. Cudworth (16171688)