economy comments on Rationality Quotes Thread March 2015 - Less Wrong
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Frank Knight, "The Role of Principles in Economics and Politics" p.19
His claim of the insolubility of social problems is not a note of hopeless despair but should be understood in the context of his argument that free association and cooperation are the best and really only way to solve social problems, but pushed to their limit the result would be intolerable.
Think "Tommy" Adams refers to Thomas Sewall Adams.