Quotes from book
The Logic of Collective Action

Name: The Logic of Collective Action
Author: Mancur Olson

Mancur Olson

The Logic of Collective Action: Public Goods and the Theory of Groups is a book by Mancur Olson, Jr. published in 1965. It develops a theory of political science and economics of concentrated benefits versus diffuse costs. Its central argument is that concentrated minor interests will be overrepresented and diffuse majority interests trumped, due to a free-rider problem that is stronger when a group becomes larger.

“No analysis of the limits of economic freedom or the uses of coercion by government, labor unions, or organizations of any kind can do justice to the complexity of the subject without taking account of the distinction between collective and noncollective goods.”

Mancur Olson book The Logic of Collective Action

The Logic of Collective Action: Public Goods and the Theory of Groups (1965), III. The Labor Union and Economic Freedom