Mancur Olson’s The Logic Of Collective Action
Beginning of paper
In 1965 an intellectual bomb was dropped on the field of interest groups, in the form of . In this seminal work Olson details the dynamics of group formation. The central theory is that men and women are rational, correspondingly they maximize benefits and minimize costs; because of this rationa ....
Middle of paper
.... the by-product theory one must have a firm grasp of the assumptions underlying it, to which groups it applies, and the broad conceptual ideas the theory entails. The most important underlying assumption of the by-product theory is the rationality of man that is, people maximize benefits while minimizing costs. This cost-benefit analysis says that people want the maximum amount of benefits or results with the least amount of cost (money, time, etc.). A rational person will not join an inter ....
------------------
Word count: 1892
Page count: 7 (approximately 250 words per page)
