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    Samuelson's pure theory of public expenditure demonstrate... — Carmelics
    Home/Democracy & Governance
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    Supports→The existence of a common interest among individuals does not, by itself, provide those individuals with an incentive to act so as to realize that interest.

    Samuelson's pure theory of public expenditure demonstrated free-rider dynamics in public goods provision.

    Democracy & GovernanceSocial Contract
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    Democracy & GovernanceSocial Contract

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    SEP: methodological-individualism
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    Thus the concern over methodological individualism began to fade away, and might have disappeared completely had it not been for the sudden explosion of interest in game theory (or “rational choice theory”) among social scientists in the 1980s. The reason for this can be summed up in two words (and an article): the prisoner’s dilemma. Social scientists had always been aware that individuals in groups are capable of getting stuck in patterns of collectively self-defeating behavior. Paul Samuelson

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