Brexit, Voice, and Loyalty
Albert Hirschman was a great economist with a gift for producing striking insights that transformed our view of a whole range of particular problems. One of his most far-ranging insights was his framework of “exit, voice, and loyalty,” which helps to explain the dilemma of today's EU.
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PRINCETON – Albert Hirschman, who died at the end of last year, was a great economist with a gift for producing striking insights by focusing on an element of observable behavior as a way to transform our view of a whole range of particular problems. One of his most far-ranging insights was his framework of “exit, voice, and loyalty.”