Explaining The Coming Decline Of The Two-Party System

Posted on Friday, December 12 at 13:29 by Anonymous
But the Internet has changed all that in one crucial respect that wouldn't surprise Coase one bit. To an economist, the "trick" of the Internet is that it drives the cost of information down to virtually zero. So according to Coase's theory, smaller information-gathering costs mean smaller organizations. And that's why the Internet has made it easier for small folks, whether small companies or dark-horse candidates such as Howard Dean, to take on the big ones."

Explaining the Coming Decline of the Two-Party System

Note: Explaining the Coming D...

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