Quote of the day
The liberty of man consists solely in this: that he obeys natural laws because he has himself recognized them as such, and not because they have been externally imposed upon him by any extrinsic will whatever, divine or human, collective or individual.
Walton Hale Hamilton
Born: 1881
Died: 1958 (aged 77)
Bio: Walton Hale Hamilton was an American law professor who taught at the Yale Law School, although he was an economist, not a lawyer. In 1919 Hamilton coined the term "Institutional economics".
Known for:
- Exercises in Current Economics (1916)
- The Pattern of Competition (1940)
- CURRENT ECONOMIC PROBLEMS A SE
- The Path of Due Process of Law