Collective Action And Exchange

In Collective Action and Exchange: A Game-Theoretic Approach to Contemporary Political Economy, William D. Ferguson presents a comprehensive political economy text aimed at advanced undergraduates in economics and graduate students in the social sciences. The text utilizes collective action as a unifying concept, arguing that collective-action problems lie at the foundation of market success, market failure, economic development, and the motivations for policy. Ferguson draws on information economics, social preference theory, cognition theory, institutional economics, as well as political and policy theory to develop this approach. The text uses classical, evolutionary, and epistemic game theory, along with basic social network analysis, as modeling frameworks. These models effectively bind the ideas presented, generating a coherent theoretic approach to political economy that stresses sometimes overlooked implications.

This book examines how a society that is trapped in stagnation might initiate and sustain economic and political development. In this context, progress requires the reform of existing arrangements, along with the complementary evolution of informal institutions. It involves enhancing state capacity, balancing broad avenues for political input, and limiting concentrated private and public power. This juggling act can only be accomplished by resolving collective-action problems (CAPs), which arise when individuals pursue interests that generate undesirable outcomes for society at large. Merging and extending key perspectives on CAPs, inequality, and development, this book constructs a flexible framework to investigate these complex issues. By probing four basic hypotheses related to knowledge production, distribution, power, and innovation, William D. Ferguson offers an analytical foundation for comparing and evaluating approaches to development policy. Navigating the theoretical terrain that lies between simplistic hierarchies of causality and idiosyncratic case studies, this book promises an analytical lens for examining the interactions between inequality and development. Scholars and researchers across economic development and political economy will find it to be a highly useful guide.

Public choice, an important subdiscipline in the field of political theory, seeks to understand how people and societies make decisions affecting their collective lives. Relying heavily on theoretical models of decision making, public choice postulates that people act in their individual interests in making collective decisions. As it happens, however, reality does not mirror theory, and people often act contrary to what the principal public choice models suggest. In this book, Russell Hardin looks beyond the models to find out why people choose to act together in situations that the models find quite hopeless. He uses three constructs of modern political economy--public goods, the Prisoner's Dilemma, and game theory--to test public choice theories against real world examples of collective action. These include movements important in American society in the past few decades--civil rights, the Vietnam War, women's rights, and environmental concerns. This classic work on public choice will be of interest to theoreticians and graduate students in the fields of public choice, political economy, or political theory--and to those in other disciplines who are concerned with the problem of collective action in social contexts.

First Published in 1982. Routledge is an imprint of Taylor & Francis, an informa company.

Philosophers, social scientists, and laymen have used two perspectives in analyzing social action. One sees man's action as the result of causal forces, and the other sees action as purposive and goal directed. Mathematical treatment of social action has shown this same dichotomy. Some models of behavior describe a causal process, in which there is no place for intention or purpose. Most stochastic models of behavior, whether individual or group, are like this. Another body of work, however, employs purpose, anticipation of some future state, and action designed to maximize the proximity to some goal. Classical microeconomic theory, statistical decision theory, and game theory exemplify this direction.This book examines these two directions of work, and makes original contributions to the second. An introductory chapter outlines these two bodies of work, and casts them in a common frame, to display their similarities and differences. Chapter 2 reviews at length recent work in stochastic processes that makes up the first body of work, which sees social action as the resultant of causal forces. The remaining chapters develop a mathematical framework for the study of systems of social action using a purposive theoretical base. These chapters are designed particularly to contribute to the study of collective decisions, a form of social action that has proved particularly challenging to theoretical analysis. First published in 1973, this became a significant work both in problem solving and in the future career of the author. It is of continuing importance to researchers and students interested in statistical analysis.

The problem of collective action is that each group member wants other members to make necessary sacrifices while he or she 'free rides', reaping the benefits of collective action without doing the work. Therefore, no one does the work and the common interest is not realized. This book analyses the social pressure whereby groups solve the problem of collective action.

Analytical sociology is a strategy for understanding the social world. It is concerned with explaining important social facts such as network structures, patterns of residential segregation, typical beliefs, cultural tastes, and common ways of acting. It explains such facts by detailing in clear and precise ways the mechanisms through which the social facts were brought about. Making sense of the relationship between micro and macro thus is one of the central concerns of analytical sociology. The approach is a contemporary incarnation of Robert K. Merton's notion of middle-range theory and presents a vision of sociological theory as a tool-box of semi-general theories each of which is adequate for explaining certain types of phenomena. The Handbook brings together some of the most prominent sociologists in the world. Some of the chapters focus on action and interaction as the cogs and wheels of social processes, while others consider the dynamic social processes that these actions and interactions bring about.

This book examines how different levels and forms of human collectivity have interacted, voluntarily or coercively, and how these transformed societies and polities. Every size and type of human collective involve co-operation among members and competition with other groups. The two most recent trends in human relations – individualism and economic globalisation – have contributed to authoritarianism in politics and inequality among citizens. This book analyses how collective action might offset the most destructive consequences for well-being of these two tendencies. It explores these manifestations of collective action and their impact on social relations and social policies in the developed world. Further, the volume sets out a programme for more progressive and egalitarian future for global populations. Engaging, accessible and transdisciplinary, this book will be of great interest to scholars and researchers of politics and public policy, sociology, social psychology, social policy and social work, as well as political philosophy, political economy and migration studies.