“A version of the old fable about the king's nakedness may be helpful here. Public choice is like the small boy who said that the king really has no clothes. Once he said this, everyone recognized that the king's nakedness had been recognized, but that no-one had really called attention to this fact.”

—  James M. Buchanan

Public Choice: The Origins and Development of a Research Program (2003)

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James M. Buchanan 5
American economist 1919–2013

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Accedens deinde proprius rege flexis genibus dixit. "Lauerd King, wassheil."
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Bk. 6, ch. 12; p. 186.
Historia Regum Britanniae (History of the Kings of Britain)

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