The Economics of Voting

Viac o knihe

The book explores the relationship between self-interest and electoral markets, examining when voting behaves like ideal commercial markets. It argues that self-interest can effectively drive income redistribution, balancing the wealth gap without eliminating it entirely or diminishing work incentives. However, it also highlights that self-interested voting can result in inconsistent collective actions, necessitating the support of bargaining, duty, and rights to achieve coherent outcomes.