Friday , February 26 2021
Home / Don Boudreaux /Quotation of the Day…

Quotation of the Day…

Summary:
… is from pages 220-221 of my late Nobel-laureate James Buchanan’s “Morals, Politics, and Institutional Reform: Diagnosis and Prescription,” which is chapter 5.1 in James M. Buchanan and Richard A. Musgrave, Public Finance and Public Choice: Two Contrasting Visions of the State (1999): This terrible century has done much more than bear witness to the tragic failures of collectivist control over personal lives. In the process of those failed experiments, valuable social capital was allowed to depreciate, capital that was represented in personal attitudes of independence, obeying laws, self-reliance, hard work, self-confidence, a sense of permanence, trust, mutual respect, and tolerance. This capital has been eroded only to be replaced by attitudes that embody irresponsibility,

Topics:
Don Boudreaux considers the following as important: ,

This could be interesting, too:

Don Boudreaux writes Lord Protector Boris

Don Boudreaux writes Some Covid Links

Don Boudreaux writes Bonus Quotation of the Day…

Don Boudreaux writes Some Covid Links

… is from pages 220-221 of my late Nobel-laureate James Buchanan’s “Morals, Politics, and Institutional Reform: Diagnosis and Prescription,” which is chapter 5.1 in James M. Buchanan and Richard A. Musgrave, Public Finance and Public Choice: Two Contrasting Visions of the State (1999):

Quotation of the Day…This terrible century has done much more than bear witness to the tragic failures of collectivist control over personal lives. In the process of those failed experiments, valuable social capital was allowed to depreciate, capital that was represented in personal attitudes of independence, obeying laws, self-reliance, hard work, self-confidence, a sense of permanence, trust, mutual respect, and tolerance. This capital has been eroded only to be replaced by attitudes that embody irresponsibility, dependency, differential exploitation, opportunistic advantage seeking, short-run hedonism, legal trimming, litigation, mistrust, and intolerance, especially for the “politically incorrect.”

Comments

Don Boudreaux
He is a professor of economics at George Mason University in Fairfax, Virginia. Previously, he was president of the Foundation for Economic Education.

Leave a Reply

Your email address will not be published. Required fields are marked *