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Exit, Voice, and Loyalty

By: Alberto Hirschman - Read: December 29, 2025 - Rating: 7/10

Useful commentary on the effective mechanisms of repair for organizations. Exit is the primary instrument of change in free market competition, while voice is the tool of politics. Loyalty influences a group members pre-disposition to express dissatisfaction through exit or voice. Important ideas for institutional design, but would have been better off as a short essay.