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Like all human artifacts, constitutions reflect the limits of the human mind, limits of foresight and of moral judgment.

What we should really want is both institutions and theory--not only pure economic theory informed by the existence of specific institutions

A precisive abstraction is one in which certain actual characteristics are specified as absent, while a nonprecisive abstraction is one in w

Because deliberation taxes our mental energy and time, we rely on mental and operational shortcuts--or heuristics.