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Forum 2 – Economic Efficiency
In a democracy, the government’s decisions are made by majority rule. Is majority rule a good method for the efficient and equitable allocation of resources? What are the advantages and disadvantages of allocating resources by majority rule? Do the advantages outweigh the disadvantages in your opinion? Give reasons for your views and try to head off any potential criticisms that may arise. When would majority rule allocation of resources be most appropriate, and when would it be least appropriate? If you did not investigate Madison’s Federalist Paper No. 51 when you read this week’s lesson, now is the time to do it! Remember to also use and cite multiple scholarly works, including peer-reviewed journal articles, giving attribution to your sources.