The Logic of Collective Action

JDN 2456594 PDT 15:55.

The blinders neoclassicists wear are large indeed. This book was written in 1971, and the neoclassical understanding of collective action has, as far as I can tell, not been substantially advanced since then—in over 40 years, the essential conclusions haven’t changed.

This would not be a problem, of course, if those conclusions were correct; but they aren’t. Indeed they are wrong at a fundamental level; they are almost literally reversed from the truth.

Here is the basic...