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Quotation of the Day…

Posted By Don Boudreaux On May 21, 2012 @ 9:48 am In Economics | Comments Disabled

… is from pages 52-53 of James Buchanan’s 1991 collection, The Economics and the Ethics of Constitutional Order [1]; 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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[1] The Economics and the Ethics of Constitutional Order: http://www.amazon.com/The-Economics-Ethics-Constitutional-Order/dp/0472102222/ref=sr_1_1?s=books&ie=UTF8&qid=1337608202&sr=1-1

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