… is from pages 73-74 of my late Nobel laureate colleague James Buchanan’s 1986 paper “Notes on Politics as Process,” as this paper is reprinted in James M. Buchanan, Politics as Public Choice (2000), which is volume 13 of the Collected Works of James M. Buchanan; Jim died five years ago today:
Many of the activities that are, by common interpretation, acceptable within the range of modern politics would be classified as predatory if carried out in markets.
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