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布坎南曾说:“市场是一种制度过程,在其间个人彼此互相作用,其目的在于追逐他们各自的不论哪一种目的。18世纪哲学家的伟大发现是在适宜地设计的法律和制度中间,市场中谋私利的个人产生一种自发的秩序,一种分配结果的模式。它不是任何人选择的,但是它可以合适地归类为能反映参加者价值最大化的秩序。”根据西方制度经济学的理解,市场是降低社会交易成本的最优选择,也是一种实现社会高效运作和财富不断增长的“看不见的手”。
Buchanan once said: “The market is a system of processes in which individuals act on one another in an attempt to chase their own respective ends. The great discovery of the 18th century philosophers is that, in properly designed laws and In the middle of the system, self-serving individuals in the market create a spontaneous order, a pattern of distribution of results, which is not an option of any one, but which can be properly classified as an order that reflects the maximization of the participants’ value. According to Western institutional economics, the market is the best choice to reduce the costs of social transactions and an ”invisible hand" for the efficient operation of society and the growing wealth.