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:
“It is my settled opinion, after some years as a political correspondent, that no one is attracted to a political career in the first place unless he is socially or emotionally crippled.”
—Auberon Waugh (b. 1939)
“I’ve been asked to give some words of advice for young women entering library/information science education. Does anyone ever take advice? The advice we give is usually what we would do or would have done if we had the chance, and the advice that’s taken, if ever, is often what we wanted to hear in the first place.”
—Phyllis Dain (b. 1930)
“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)