The political passion for "social justice" is creating a larger free-rider problem and a problem of injustice.
Original Article: "Social Justice and the Free-Rider Problem"
[embedded content]
Tags: Featured,newsletter
Read More »The political passion for "social justice" is creating a larger free-rider problem and a problem of injustice.
Original Article: "Social Justice and the Free-Rider Problem"
[embedded content]
Tags: Featured,newsletter
Read More »Free rider is a term related to the political commons and rent seeking. It is like rent seeking, except it is perhaps more nuanced and eventually discourages the effective use of public goods found in the political commons.
When I was a young adult, my wife, Cyndi, and I went out with a group of people. My father warned me that if the group split the bill evenly, we could wind up paying for other people’s dinner. We were pressed for cash, so we ordered frugally. Sure enough, the group decided to just split the total cost evenly, and Cyndi and I wound up paying far more than we ordered. It was an expensive lesson.
After more education and research, I found that this situation has a name: free riding.
Regarding the free rider problem and public goods, the Khan