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Quotation of the Day…

… is from page 193 of James Gwartney’s insightful 2013 essay “The Public Choice Revolution and Principles of Economics Texts,” which is chapter 13 of Public Choice, Past and Present: The Legacy of James M. Buchanan and Gordon Tullock (Dwight R. Lee, editor, 2013) (link added):​

The bulk of the economics profession continues to ignore public-choice analysis, and it is almost totally absent from most principles texts.  As a result, the mainstream approach is leaving both current students and the general public with a misleading, false, and romantic view of government and the operation of the democratic political process.