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Articles 1 - 2 of 2
Full-Text Articles in Economic Theory
The Logic Of Protest Action, Herman L. Boschken
The Logic Of Protest Action, Herman L. Boschken
Herman L. Boschken
In recent years, there has been a noticeable growth in political protest involving groups of widely diverging interests. The rising incidence of protest seems paradoxical to the apparent growth of affluence in society. This paper attempts to resolve this paradox by contending that most forms of protest are a function of the degree of separation between (a) the values and goals of those controlling collective decision processes and (b) the diversity of interests and aspirations in segmented society at large. Through protest action, disenfranchised groups are able to impose "external" costs on "establishment" regimes that lead to alteration of the …
What Is The Public Interest, Robert D. Cooter
What Is The Public Interest, Robert D. Cooter
Robert Cooter
The proper foundation of welfare economics is a characterization of the fundamental principles embodied in our moral and legal framework, which constitutes a conception of the public interest. We may use a conception of the public interest as a predictive or expiratory device. We may also use a conception of the public interest as a guide to making policy. Welfare economics should formulate and analyze different conceptions of the public interest. There will always be tension over which one is right, but that does not initiate an academic inquiry.