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.
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Replying to @vgr
Daron Acemoglu wrote about this a while ago https://dspace.mit.edu/bitstream/handle/1721.1/64358/whynotpoliticalc00acem.pdf?sequence=1 …
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Replying to @profjasonpotts @vgr2 replies 1 retweet 1 like
Replying to @profjasonpotts @trentjmacdonald
Thanks!
7:58 PM - 14 Oct 2020
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