Mancur Olson’s The Logic of Collective Action In 1965 an intellectual bomb was dropped on the field of interest groups, in the form of Mancur Olson’s The Logic of Collective Action. 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 rationality people will not join in collective action unless induced to do so by incentives. A corollary to the central theory presented is the “by-product” theory. The by-product theory states, ‘The large and powerful economic lobbies are in fact the by-products of organizations that obtain their strength and support because they perform some function in addition to lobbying for collective goods (Olson).” The ....

Number Of Pages: 7

Number Of Words: 1922

Got a term paper due soon and need some help quick? You have come to the right place. Essay Galaxy has over 50,000 essays, papers, and reports available for download right now! Get ideas from thousands students just like you to help make that essay perfect. Don't hesitate. Join today and get instant access to our enormous database.

Membership Options Price Savings   1 month subscription    $19.95 recurring * 3 months subscription    $39.95 recurring $19.90 6 months subscription    $69.95 non-recurring $49.75