Wednesday, November 14, 2007

Kendall on Madison and the Market Economy

Walter J. Kendall, John Marshall Law School, has published a short review essay, Madison and the Market Economy. It appeared in the Quinnipiac Law Review. Here's the abstract:
This is a review of James Madison and the Future of Limited Government, a CATO Institute publication, edited by John Samples. The thesis of the review is that Madison has been improperly presented as a believer in limited government. Rather his public and private writings indicate that he was suspicious of the market, and saw the need for positive government in order to regulate private economic power. He also believed that the meaning of words was dim and doubtful, requiring interpretation.