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    Adam Smith's market never stood alone

    Tue, 03/10/2009 - 16:15 EDT - FT.com- Comments
    • Comments

    Rather than some "new capitalism", what we need is an open-minded understanding of older ideas about the reach and limits of the market economy. Adam Smith wanted institutional diversity and motivational variety, not monolithic markets and singular dominance of the profit motive, writes Amartya Sen

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