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Quotation of the Day…

Posted By Don Boudreaux On April 3, 2013 @ 7:24 am In Other People's Money,Politics | Comments Disabled

… is from page 36 of Richard E.¬†Wagner’s and James D. Gwartney’s 1988 essay “Public Choice and Constitutional Order,” which appears as chapter 2 in Gwartney & Wagner, eds.,¬†Public Choice and Constitutional Economics [1]:

Unless constitutional rules impose restraints, majoritarian democracy is not a move out of the Hobbesian jungle; instead it is merely a shift of the fighting to a new location.

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[1] Public Choice and Constitutional Economics: http://www.amazon.com/Public-Constitutional-Economics-Political-Economy/dp/0892329351/ref=sr_1_2?s=books&ie=UTF8&qid=1364988128&sr=1-2&keywords=wagner+gwartney

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