POL SCI 40 Lecture Notes - Lecture 3: Presidential System, Proportional Representation, Franklin D. Roosevelt
13 Oct 2016
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It is passed on from your family or is like the group you belong in. It has a text written like the religious books. The fundamental problem of politics is making decisions as a collective group. Time, effort and resources required for decisions. Create some sort of institution or a system where everyone will have to carry out these actions and obey the rules. One better - minimize transaction costs by setting up a streamlined way of dealing with them: corporations, unions, a(cid:374)y sta(cid:271)le orga(cid:374)izatio(cid:374) Allows us to make collective decisions as a nation. We don"t need new institutions each time; very effective for ensuring compliance. Thomas hobbs thought dictatorship was the only way: to prevent free riding, to deal with transaction costs. But modern* republican government had not been invented yet. In short if you do(cid:374)"t like it, deal (cid:449)ith it. Making a choice } voting rules + veto.
