Is there something like a Coase for democratic politics? Firm/market/law/transaction costs/social costs? Not school civics. More like Fukuyama’s stuff or Selectorate Theory, but institutional. I’m thinking parties, media, mobs as first-order. Maybe firms and demagogues too.
Joining a party = joining a firm Contract = party line Main macro thing of interest in coasean economics is not gdp or interest rates but firm size distribution. By analogy, in politics it should be faction-size distribution.
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Ah! This is promising. Acemoglu is the why nations fail guy.https://twitter.com/profjasonpotts/status/1316572112140734464 …
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Never heard of Trent Macdonald, interesting....
https://twitter.com/profjasonpotts/status/1316572726455279617 …Show this thread -
Alright, this is kinda the trailhead I was imagining should exist. Into a Roam page it goes. Thanks
@profjasonpotts
pic.twitter.com/dwi0zzch9q
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It offers analytical insights but doesn’t seem to suggest a natural and satisfying ontology. Something you could use in a toy-world simulation for eg.