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9780674276604

Exit Voice and Loyalty

by
  • ISBN13:

    9780674276604

  • ISBN10:

    0674276604

  • Format: Paperback
  • Copyright: 1970-06-01
  • Publisher: Harvard Univ Pr

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Summary

An innovator in contemporary thought on economic and political development looks here at decline rather than growth. Albert O. Hirschman makes a basic distinction between alternative ways of reacting to deterioration in business firms and, in general, to dissatisfaction with organizations: one-exit-is for the member to quit the organization or for the customer to switch to the competing product, and the other-voice-is for members or customers to agitate and exert influence for change "from within." The efficiency of the competitive mechanism, with its total reliance on exit, is questioned for certain important situations. As exit often undercuts voice while being unable to counteract decline, loyalty is seen in the function of retarding exit and of permitting voice to play its proper role. The interplay of the three concepts turns out to illuminate a wide range of economic, social, and political phenomena. As the author states in the preface, "having found my own unifying way of looking at issues as diverse as competition and the two-party system, divorce and the American character, black power and the failure of 'unhappy' top officials to resign over Vietnam, I decided to let myself go a little."

Table of Contents

Introduction and Doctrinal Background
Enter ""exit"" and ""voice""
Latitude for deterioration, and slack in economic thought
Exit and voice as impersonations of economics and politics
Exit How the exit option works Competition as collusive behavior
Voice Voice as a residual of exit Voice as an alternative to exit
A Special Difficulty in Combining Exit and Voice
How Monopoly Can be Comforted by Competition
On Spatial Duopoly and the Dynamics of Two-Party Systems
A Theory of Loy
Table of Contents provided by Publisher. All Rights Reserved.

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