Why does society oscillate between intense interest in public issues and almost total concentration on private goals? In this classic work, Albert O. Hirschman offers a stimulating social, political, and economic analysis dealing with how and why frustrations of private concerns lead to public...

Frontmatter -- Foreword -- Preface -- Contents -- List of Tables -- Chapter 1. Introduction -- Chapter 2. The Development of Group Annuities -- Chapter 3. Legal Aspects of Group Annuity Contracts -- Chapter 4. General Provisions of Group Annuity Contracts -- Chapter 5. The Specific Provisions of...

We develop a dynamic model of political competition. Each party has a policymotivated ideological wing and an office-motivated opportunistic wing. A blockade arises if inner-party conflict stops policy implementation. We use this model to study whether early elections should be used to overcome...