
How to Deal with Collective Action Problems?
Decisions about solving a collective action problem are inevitable features of modern society. However, there are times when the collective action problems are likely to solve themselves. […]
Decisions about solving a collective action problem are inevitable features of modern society. However, there are times when the collective action problems are likely to solve themselves. […]
Collective action problems emerge from situations where society could benefit if people contributed to a common cause, but where people don’t do so. […]
Neither inventions/innovations nor entrepreneurship would be possible without trying new ideas, and new ideas would not come true without taking any risks. That’s when government steps in. […]
Regulations help people to reach mutually beneficial agreements. Thus, governments can hold everyone to their word by not allowing anyone to cheat, making commercial contracts much more trustworthy. […]
The United States is deeply divided along political lines. Partisan politics, attack ads, and even the election process itself are weaponized in the 21st century. A new series looks at the benefits and drawbacks of political parties. […]
Long-time observations have shown democracies are generally wealthier and even more powerful than dictatorships. This is partly due to the accountability of democratic governments. […]
In presidential politics, the worst conflicts come about not when parties of a legislature fight with each other, but rather when the legislature as a whole finds itself at odds with a powerful president. […]
In both presidential or parliamentary forms of government, the chief executive’s main task is selection of their cabinet. However, there are times when the prime minister’s party doesn’t have a majority of seats in parliament. […]
There is a constant debate about whether a democratic society is better off with a presidential or a parliamentary form of government. Direct versus indirect election of the chief executive is the core difference between them. […]
Democracy is a self-destructive and self-contradicting concept, threatened by a constant fear of mob rule. When the majority wields the power, the interests of the minority is put at stake, going against the notion of democracy. […]
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