- Cafe Hayek - http://cafehayek.com -
Quotation of the Day…
Posted By Don Boudreaux On March 20, 2012 @ 8:17 am In Civil Society,Other People's Money,Reality Is Not Optional | Comments Disabled
… is from page 115 of Harold Demsetz’s superb 2008 volume, From Economic Man to Economic System  (original emphasis):
The only true alternative to the marketplace is an institution that can use a greater measure of coercion than is available to participants in the marketplace.
Article printed from Cafe Hayek: http://cafehayek.com
URL to article: http://cafehayek.com/2012/03/quotation-of-the-day-238.html
URLs in this post:
 From Economic Man to Economic System: http://www.amazon.com/From-Economic-Man-System-Institutions/dp/1107640857/ref=sr_1_1?s=books&ie=UTF8&qid=1332245822&sr=1-1
 Image: http://www.blinklist.com/index.php?Action=Blink/addblink.php&Url=http%3A%2F%2Fcafehayek.com%2F2012%2F03%2Fquotation-of-the-day-238.html&Title=Quotation%20of%20the%20Day...
 Tweet: https://twitter.com/share
Copyright © 2011 CafeHayek.com. All rights reserved.