POL SCI 6C Study Guide - Midterm Guide: Utopian Socialism, John Stuart Mill, The Communist Manifesto
18 Apr 2018
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Albert o. hirschman: exit voice and loyalty (1970) While moralists and political scientists have been much concerned with rescuing individuals from immoral behavior, societies from corruption, and governments from decay, economists have paid little attention to repairable lapses of economic actors . One assumes either fully rational behavior or unchanging level of rationality. Firm falls behind for a good reason . As one firm loses out in the competitive struggle, its market share is taken up and its factors are hired by others. Competitions is a major mechanism for recuperation. Loyalty will drive one to use voice. Exit: simply leaving (ex/ quitting job, stop buying product, etc. ) Always easier to exit than expressing voice. Ex/ bank with long lines and bad customer service . The reason for which humans have failed to develop a finely built social process assuring continuity and steady quality in leadership is probably that they did not have to .
