Quotation of the Day…

by Don Boudreaux on May 4, 2014

in Inequality

… is from page 50 of the 1983 Liberty Fund collection of some of the writings of the late G. Warren Nutter, entitled Political Economy and Freedom; specifically, it’s from Nutter’s 1976 article “A Comment on Okun” (link added):

To [Arthur] Okun, the good society is one that maximizes equality of circumstance.  To me, it is one that maximizes use of voluntary agreement in organizing social activity.  Neither ideal accords, I suppose, with popular sentiment today, but mine surely is closer to the historical aspirations of the American people than is his.

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