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Rational Choice Theory
(in political science)
it involves the…
Rational Choice Theory
(in political science)
it involves the application of the method of economics to the study of politics
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Key Characteristics
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free-rider
‘Free-riding’ in a small group is easier to spot and could lead to exclude from the shares of the ‘public good’.
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The idea that similarly motivated individual members of groups will act collectively to satisfy their preferences
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rent seeking
organisations use resources to obtain economic gain from others without any reciprocal benefit for the rest of society
Anthony Downs
Classic Text of Rational Choice: An Economic Theory of Democracy, 1957
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Criticisms
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cons
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neoliberal approach emphasis on the pursuit of self-interest, individualism, and a reduction in state intervention has resulted in individuals disconnected from each other and hence destructive for community cohesion.