"The notion that human interaction could spontaneously and autonomously achieve a stable, orderly, self-sustaining form of equilibrium in the absence of government intervention—what François Quesnay and the first school of économistes dubbed un ordre naturel in the late 1750s—has facilitated a conception of the market as a self-regulating system that could only prosper by purging itself of the prejudicial meddling of governments and politics. In the face of this new conception of an orderly market, governance would be relegated outside that autonomous space, charged with the responsibility of policing and punishing those who deviate—those who do not see the natural laws or, in more technical jargon, who bypass the market."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Academics from the United StatesPeople from New York CityPolitical scientists from the United StatesColumbia University facultyPrinceton University alumni
Original Language: English
Available Languages (1)
Sources
p. 241
https://en.wikiquote.org/wiki/Bernard_Harcourt
Revision History
No revisions have been submitted for this quote.
Categories
Bernard Harcourt
7 quotes on TrueQuotesView all quotes by Bernard Harcourt →
Related Quotes
"The different strands of radical thought seek to lift a veil from our eyes in order to emancipate us from domination,…"
"At what price have so many of us come to believe that the economy is the realm of natural order and that the legitima…"
"Faith in natural order and market efficiency forecloses a full normative assessment of market outcomes. ... It effect…"
"The idea of natural order, in effect, masks the state’s role. ... Robert Hale ... demonstrated the extent to which th…"
"By an odd amalgam of liberal economic theory and Beccaria on punishment, nineteenth-century thinkers would replicate …"
"The doctrine of laissez-faire in the mid-nineteenth century essentially allowed three functions for the government: f…"
"For him delicious flavors dwell In books as in old Muscatel."
"And in the evening, everywhere Along the roadside, up and down, I see the golden torches flare Like lighted street-la…"
"Song like a rose should be; Each rhyme a petal sweet; For fragrance, melody, That when her lips repeat The words, her…"
"The hunter catches a dreadful prey, the seaman steers his ship into an unspeakable harbor, the plowman sows and reaps…"