Quotation of the Day…

by Don Boudreaux on April 20, 2012

in Law

… is from page 904 of James M. Buchanan’s article, in the December 1975 special issue of the Journal of Law & Economics, “The Independent Judiciary in an Interest-Group Perspective: Comment“:

But the normative abstractions that we impose on the actual workings of an imperfect political world are important themselves in placing limits on action.

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