Monday, February 16, 2009

Mechanics of Collective action and cooperation

Have you ever tried to notice how some simple principle of physics can be applied in collective action and cooperation? My EARM assignment on oil price hike gave me a new insight on it. Here we can compare the collective action with cog and wheel. Individual actors are cogs and resultant collective action is moment in wheel. One important point to note here is individual actors like cog are working at different level but movement of one cog or action of one cog or actor gives moment to other cog and ultimately it leads into movement of wheel. Now with particular reference to oil price hike let’s see where we can fit individual actors or cogs. Individual actors here are all oil producing countries and US, which controls oil economy as all oil trading is being done in US dollars. International oil prices are result of collective action of these actors. Here, US acts as a major cog. It can influence oil production of majority of oil producing countries. So in turn, movement of this major cog or US determines movement of other small cogs and wheel as a whole. It is interesting to see how individual actors are at different levels having different motives but still their actions are synchronized in a way, which give rise to a collective outcome of their actions. This collective outcome is manifested in form of rise and fall in oil prices. Similarly, moment of cogs at different levels will determine speed and direction of movement of wheel. Curious to know your views

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