31 October 2014

They Said It: Smith and Yandle

"As the philosopher David Hume said most famously in his magnum opus, A Treatise of Human Nature, 'Reason is, and ought only to be the slave of the passions.' Translated into our narrative (and southern vernacular), he might well have said, 'Any Bootlegger worth his salt better make a Baptist appeal if he hopes to bring home the bacon.'" 

--Adam Smith and Bruce Yandle, Bootleggers and Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics (Cato Institute, 2014), 56