Michael C. Jensen, 'Toward a Theory of the Press,' in Economics and Social Institutions, Karl Brunner, Editor (Martinus Nijhoff Publishing Company, 1979).
“Essentially the fault lies in the fact that the democratic political process is at best regulated rivalry; it does not even in theory have the desirable properties that price theory ascribes to truly competitive markets.”
Source: A Theory of Justice (1971; 1975; 1999), Chapter IV, Section 36, p. 226
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John Rawls 63
American political philosopher 1921–2002Related quotes

Source: Economics Of The Welfare State (Fourth Edition), Chapter 4, State Intervention, p. 73

Lecture to the Royal Aeronautical Society (1913)

Pages 98–99.
"New Classical and Old Austrian Economics", 1991
The object of administrative study should be to discover, first, what government can properly and successfully do, and secondly, how it can do these proper things with the utmost possible efficiency and at the least possible cost both of money and of energy.
Source: "The Study of Administration." 1937, p. 29
Page 152, The Hindu Phenomenon, ISBN 81-86112-32-4.
On Marxism

Introduction à l'Étude de la Médecine Expérimentale (1865)