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Kenneth Boulding

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The greater the penalties laid on sellers in the black market... the higher the black market price.
--
Boulding (1947) "A Note on the Theory of the Underground economy". In: The Canadian Journal of Economics and Political Science. Vol. 13 no.1, p. 117; quoted in: Michael York (2007) The Entrepreneurial Outlaw

 
Kenneth Boulding

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