Bonus Quotation of the Day…

by Don Boudreaux on October 20, 2022

in Seen and Unseen

… is from page 229 of economist Lionel Robbins’s superb and still-relevant 1937 book, Economic Planning and International Order (original emphasis):

It is not certain that on every possible occasion the mechanism of markets will function satisfactorily. But experience suggests that in most cases where it does not investigation shows that there is some deficiency in the law.

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