Posts tagged “collective action problems”

Why Greece Should Default: Its Time to Start Over

Earlier, I claimed that despite the grave consequences, Greece should default. Default would not be pretty for Greece or the rest of the world, but I firmly believe it is better than the alternative. The international consequences of a Greek default would have a significant impact on Greece itself. When Europe’s banking system starts to […]

Courtesy and Collective Action

Don’t hold everyone up, just wait for the next train. Also, don’t lose your hand. – my visual translation One of the toilet reading options at my apartment is the 1978 edition of The Amy Vanderbilt Complete Book of Etiquette. It is filled with helpful advice on how you should address your letters, monogram your shirts, and throw tasteful parties. […]