Principal-Agent Theory and Representative Government
By Robert Higgs
With very rare exceptions, no principal can count on a hired agent to represent faithfully and consistently the principals interests. The principal-agent problem goes a long way in explaining why representative government falls far short in carrying out the peoples wishes.
|Other Independent Review articles by Robert Higgs|
|Fall 2019||Pressure-Release Valves in Participatory Fascism|
|Winter 2018/19||Two Worlds: Politics and Everything Else|
|Fall 2018||Against the Whole Concept and Construction of the Balance of International Payments|
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