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Quotation of the Day…

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… is from pages 73-74 of my late Nobel laureate colleague James Buchanan [2]’s 1986 paper “Notes on Politics as Process,” as this paper is reprinted in James M. Buchanan, Politics as Public Choice [3] (2000), which is volume 13 of the Collected Works of James M. Buchanan [4]; 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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