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Bonus Quotation of the Day…

… is from page 6 of Aaron Director’s insightful 1964 Journal of Law & Economics paper, “The Parity of the Economic Market Place” – a paper in which Director criticized the notion that economic freedoms are less fundamental and important than are political freedoms:

Short of a revolution in tastes which would make people want much less than they now have of material well-being, or a revolution in technology while keeping present material wants constant, neither of which can be expected, the bulk of mankind will for the foreseeable future have to devote a considerable fraction of their active lives to economic activity. For these people freedom of choice as owners of resources in choosing within available and continually changing opportunities, areas of employment, investment, and consumption is fully as important as freedom of discussion and participation in government.

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