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The crowd – corrective tool or source of management policy

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  • Kamen Kamenov

Abstract

The main concepts and analyses of the book „Psychology of Crowds” by G. Le Bon have been presented in this article. Some of them are discussed and various positions are formulated from the point of view of contemporary socio-political, economic and social environment. The relation between the behavior of the crowd and the policy is highlighted. The attitude is focused that crowds are a kind of valve to release public tension and a possible corrective tool or source of management policy. The arguments on the interaction between government and the eventual impact on the changes by the crowd are also directed to this topic. Some interrelations among the political, economic and social potential and the power of the pressure by the crowds are outlined here as well.

Suggested Citation

  • Kamen Kamenov, 2013. "The crowd – corrective tool or source of management policy," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 102-116.
    • Handle: RePEc:bas:econth:y:2013:i:6:p:102-116
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    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values

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