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June 30th, 2009 · No Comments

Economic students think they know how real economies work. We’re not so sure whether they’ll still think that after reading the following three articles, the first one we’ve published before, but it is so excellent, we’ll do it again. But it’s all quite compelling stuff..

The lesson to take away from this: markets are not like those abstract versions we encounter in economic textbooks, and nor do they work in a vacuum. They need a proper institutional and regulatory environment.

Tags: Reform Capitalism