Limiting the Size of the State
Michael Munger defends Buchanan's concern about the state becoming a monolithic leviathan and discusses the importance of private groups in limiting its size. He highlights the advantages of federalism and Vincent Ostrom's concept of polycentricity in matching the size of decision-making bodies with the size of the problems they aim to address. The discussion explores the idea of internalizing externalities and the need for diversity of choice in decision-making.In this clip
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Michael Munger on Choosing in Groups
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