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“To say a situation is ‘lost’ or hopeless is in one sense equivalent to saying it is
perfect, for in both cases efforts at improvement can bring no positive results.”
― The Logic of Collective Action: Public Goods and the Theory of Groups
perfect, for in both cases efforts at improvement can bring no positive results.”
― The Logic of Collective Action: Public Goods and the Theory of Groups
“Distributional coalitions slow down a society's capacity to adopt new technologies and to reallocate resources in response to changing conditions, and thereby reduce the rate of economic growth.”
― The Rise and Decline of Nations: Economic Growth, Stagflation and Social Rigidities
― The Rise and Decline of Nations: Economic Growth, Stagflation and Social Rigidities
