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
Quotes from bookThe Logic of Collective Action
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.
