The Institutional Perspective on Values and Virtues
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This policy of supplying, by opposite and rival interests, the defect of better motives, might be traced through the whole system of human affairs, private as well as public. We see it particularly displayed in all the subordinate distributions of power, where the constant aim is to divide and arrange the several offices in such a manner as that each may be a check on the other—that the private interest of every individual may be a sentinel over the public rights. These inventions of prudence cannot be less requisite in the distribution of the supreme powers of the State. (n.d. : 338)
KeywordsPublic Choice Action Situation Institutional Arrangement Logical Foundation Institutional Perspective
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