Mark Pennington, "Hayek versus Habermas" (via)
He wishes he had never entered the funhouse. But he has. Then he wishes he were dead. But he's not. Therefore he will construct funhouses for others and be their secret operator - though he would rather be among the lovers for whom funhouses are designed.
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.
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