Information, organization, and freedom: Explaining the great reversal

Information, organization, and freedom: Explaining the great reversal We suggest, in a Coase-Demsetz perspective, that the social demand for individual rights—or freedoms (whether civil, political or economic)—is derived from, because complementary to, the changing size of hierarchical organizations. The general downsizing and decentralization process observed worldwide after 1975 is itself the result of the information revolution and the resulting abundance of information. It follows that social demand for freedoms depends in turn—and inversely—on the cost of information (and thus on market imperfection) as well as on traditional determinants such as the distribution of resources and human capital. This implies that freedoms are adopted, implemented, or “produced” by various political regimes according to an objectively observable and contingent determinant. We believe this approach can shed light on the reason for the waxing and waning of freedoms in modern history. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Information, organization, and freedom: Explaining the great reversal

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Publisher
Springer US
Copyright
Copyright © 2012 by Springer Science+Business Media, LLC
Subject
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/s11138-012-0173-9
Publisher site
See Article on Publisher Site

Abstract

We suggest, in a Coase-Demsetz perspective, that the social demand for individual rights—or freedoms (whether civil, political or economic)—is derived from, because complementary to, the changing size of hierarchical organizations. The general downsizing and decentralization process observed worldwide after 1975 is itself the result of the information revolution and the resulting abundance of information. It follows that social demand for freedoms depends in turn—and inversely—on the cost of information (and thus on market imperfection) as well as on traditional determinants such as the distribution of resources and human capital. This implies that freedoms are adopted, implemented, or “produced” by various political regimes according to an objectively observable and contingent determinant. We believe this approach can shed light on the reason for the waxing and waning of freedoms in modern history.

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Mar 9, 2012

References

  • Income and democracy
    Acemoglu, D; Johnson, S; Robinson, JA; Yared, P
  • Economic integration and political disintegration
    Alesina, A; Spolaore, E; Wacziarg, R

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