Quotation of the Day…

by Don Boudreaux on December 1, 2016

in Complexity & Emergence, Seen and Unseen

… is from page 52 of Ronald Coase‘s and Ning Wang’s superb 2012 book, How China Became Capitalist:

maxresdefaultEven when the state intervenes judiciously, the coercive force of the state does not come free.  Largely out of practical necessity, a collateral casualty of state enforcement is the loss of institutional diversity.


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