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Tag Archives: game theory
Political Parties as Interest Groups
In their book The Declaration of Independents, Nick Gillespie and Matt Welch describe the Democratic and Republican parties as behaving like they are representing “interest groups.” One way to think of this is that the Democratic and Republican squabble with … Continue reading
Who’s taking hostages?
A typical hostage-taker says “I will kill some innocent people unless you give me a bunch of money.” According to Paul Krugman, Republicans are hostage-takers. The only things setting them apart from typical hostage-takers are that they demanded money for … Continue reading