Quotation of the Day…

by Don Boudreaux on March 22, 2014

in Property Rights, Seen and Unseen

… is from page 91 of volume 2 of The Collected Works of Armen A. Alchian (2006); specifically, it’s from the reprint of Alchian‘s March 1973 Journal of Economic History paper with Harold Demsetz, “The Property Rights Paradigm”:

The attempt to resolve scarcity-created problems by reducing the scope of private rights must inevitably result in a more centrally regulated or indoctrinated society.


Add a Comment    Share Share    Print    Email

Previous post:

Next post: