[EMAIL PROTECTED] wrote:

> So, Greg, are you saying that John Locke, who many see as the
> founder of classical liberalism and was clearly an important
> intellectual predecessor of Adam Smith, didn't posit in the
> "state of nature" the  existence of a generally-accepted
> morality, in which "all men may be restrained from invading
> others' rights" (SECOND TREATISE OF GOVERNMENT, ch. 2), including
> private property rights (ch. 5)? or are you saying that he was a
> handler or a hack? or is it that the "state of nature" wasn't
> natural?

An innocent question:  does the 'institutionalist' view
(your view?) preclude the idea that there is some kind
of lawfulness about the way the economy evolves which
is presumably susceptible to some kind of theoretical
explanation, including a possibility of predicting
developments by virtue of such a theory(ies)?

M.S., Seeker of Truth

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Max B. Sawicky                  202-775-8810 (voice)
Economic Policy Institute       202-775-0819 (fax)
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