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Date:
Fri Mar 31 17:18:31 2006
Message-ID:
<[log in to unmask]>
Subject:
HES: DISC -- The CEA Quoting Adam Smith
From:
[log in to unmask] (Fred Carstensen)
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----------------- HES POSTING ----------------- 
The most important phrase though is the "tolerable administration of 
justice."   Without the institutional framework of the state, with an 
articulation of property and contract rights and a credible mechanism of 
enforcement all is reduced to a Hobbesian state of nature. 
 
Fred Carstensen 
 
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