With very rare exceptions, no principal can count on a hired agent to represent faithfully and consistently the principal’s interests. The principal-agent problem goes a long way in explaining why “representative government” falls far short in carrying out the people’s wishes.

Robert Higgs is Retired Senior Fellow in Political Economy, Founding Editor and former Editor at Large of The Independent Review.
Government and PoliticsLaw and LibertyPolitical Theory
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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