Quotation of the Day…

(Don Boudreaux)

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… is from page 17 of the late, great UCLA economists Armen Alchian’s and William R. Allen’s Universal Economics (2018; Jerry L. Jordan, ed.); this volume is an updated version of Alchian’s and Allen’s magnificent and pioneering earlier textbook, University Economics (original emphasis):

Don’t be misled by statements that private property rights put rights of property over rights of people. Private property rights are rights of people over uses of goods they own.