Question
1.Prisoner's dilemmas? a.Read chapter 7.3 in Real World Micro , How Much of the U.S. Economy Is Devoted to Social Control? by Arthur MacEwan. What
1.Prisoner's dilemmas?
a.Read chapter 7.3 in Real World Micro, "How Much of the U.S. Economy Is Devoted to Social Control?" by Arthur MacEwan. What are protective services? Why is there a positive association between protective services and economic inequality?
b.Based on MacEwan's analysis, would it be possible to make everyone at least as well-off if we would all cooperate together better and reallocate some protective labor to more productive activity? Could this be an example of a prisoner's dilemma?Diagram the game and explain where the US economy rests.
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