Showing posts with label Pennington Mark. Show all posts
Showing posts with label Pennington Mark. Show all posts

10/04/2011

Voice Is Exclusive

In markets and other exit based procedures such as competitive federalism, rich and poor, articulate and inarticulate, can act on the basis of relatively easy comparisons between prices, qualities of goods and lifestyles across competing products and jurisdictions. Voice-based institutions, by contrast, give special privilege to those skilled in the use of articulate persuasion alone.

Mark Pennington, "Hayek versus Habermas" (via)