Zaterdag quote

The purposeless economy: Let us by all means continue to strive for, and to support, efforts to analyze the structure of the economy, and to seek consensus on means to make this structure more capable of allowing us, as individual participants, to further those separately defined objectives that we seek. Let us, however, guard against allowing intellectual confusion about what an economy is to offer, legitimatizing cover for the efforts of some persons and groups to impose their own purposes on others. Beware of those who pronounce on the economy’s purpose.

James Buchanan (1989). On the Structure of an Economy: A Re-Emphasis of Some Classical Foundations, p 11

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