Quotation of the Day…

15 Nov 2026 Leave a comment

by Jim Rose in applied price theory, comparative institutional analysis, economic history, economics of regulation, history of economic thought, law and economics, Richard Posner

Tweet… is from page 40 the late Richard Posner’s 1981 book, The Economics of Justice: Bentham never studied systematically any social or legal institution, English or foreign, contemporary or historical. He never tried to master the working principles of the institutions he sought to reform. Instead he deduced optimal institutions from the greatest-happiness principle and…

Quotation of the Day…

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