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.
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|Other Independent Review articles by Robert Higgs|
|Summer 2018||Feedback and Correction in Government and the Market|
|Spring 2018||Ideology and Political Divisiveness|
|Fall 2017||Freedom of Movementthe Sine Qua Non of Economic Prosperity and Progress|
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