Leonid Hurwicz quote

A need for enforcement implies the possibility of behavior that violates the rules of the game. The point is that if there were no possibility of violation, then you wouldn't need enforcement.
Leonid Hurwicz
Leonid Hurwicz
Leonid Hurwicz
Born: Aug 21, 1917
Died: Jun 24, 2008

Topics

You, Game, Behavior, Rules, Possibility, Point, Implies, Were, Then, Enforcement, Violates, Violation, Need

Links

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Related Authors

Adam Smith, Alan Greenspan, E. F. Schumacher, John Kenneth Galbraith, John Maynard Keynes, Milton Friedman, Paul A. Volcker, Thomas Sowell
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