Quotation of the Day…

by Don Boudreaux on August 1, 2015

in Politics

… is from page 107 of the 1991 Liberty Fund edition of Bruno Leoni’s pioneering 1961 volume, Freedom and the Law:

The main difference between individual decisions in the market and individual contributions to the decisions of groups on the political scene is that in the market, at least by virtue of the divisibility of the goods or services available in it, the individual not only can foresee exactly what the outcome of his decision is (for instance, what kind and quantity of chickens he will buy with a certain amount of money), but he can also put in a definite relation every dollar he spends with the corresponding things he can acquire.  Group decisions, on the contrary, are of the all-or-none variety: if you are on the losing side, you lose your vote.

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