On Thu, 27 Jan 2000 13:32:11 +1200 Thomas Forster
<[log in to unmask]> wrote:

>
> Good Analysis Basil.  I however feel that the principal-agent model
> should be expanded further and  not only be confined to the level of
> top government and officials.  The principal-agent model I feel also
> applies between top government officials being the agents here and
> the general public being the principals.  Corruption is at all levels
> and we (the public) as principals have entrusted the
> government/politicians through the political process to run the
> country on our behalf because we are unable to do so and that is
> what democracy is about (in my opinion).  However, we should be able
> to provide sufficient incentives for the agents (the government) from
> shirking in their responsibilities and serving their own
> self-interest.
>
> Tom
>

Hi Tom

I totally agree with you. The principal-agent concept can
be applied to the general public and the government. How is
life down in kiwi country.

Cheers
basil
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B.M.Jones
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