Polity Atlas
TheorySource attached · not independently reviewedCLM-0616 · as of 2026-10-27 · about: Stationary bandit theory · Author: Polity Atlas editorial team

“McGuire and Olson argued that a democracy run by an optimising majority that also earns market income necessarily redistributes less than an autocrat, and that a majority earning enough market income redistributes nothing and provides an ideal level of public goods.”

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