Cafe Hayek » Quotation of the Day…

Quotation of the Day…

Posted By Don Boudreaux On July 20, 2012 @ 8:06 am In Uncategorized | Comments Disabled

… is from page 356 of my colleague Larry White’s new book, The Clash of Economic Ideas ^[1]:

Limiting government to efficient activity is itself an activity with the characteristic of a public good.

This fact is chief among the reasons why it is untrue that scientific economics ‘proves’ that government intervention is an appropriate antidote for market imperfections.

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[1] The Clash of Economic Ideas: http://www.amazon.com/The-Clash-Economic-Ideas-Experiments/dp/1107012422/ref=sr_1_1?s=books&ie=UTF8&qid=1336056522&sr=1-1

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