Quotation of the Day…

by Don Boudreaux on May 21, 2012

in Economics

… is from pages 52-53 of James Buchanan’s 1991 collection, The Economics and the Ethics of Constitutional Order; specifically, it’s from Jim’s 1989 article (co-authored with Viktor Vanberg) “Interests and Theories in Constitutional Choice”:

How a person chooses among potential alternatives is not only a matter of “what he wants” but also of “what he believes,” and for some kinds of choices an actor’s beliefs or theories may play a most crucial role.

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