Quotation of the Day…
by Don Boudreaux
on December 1, 2016
… is from page 52 of Ronald Coase‘s and Ning Wang’s superb 2012 book, How China Became Capitalist:
Even 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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