Making Capitalism Work for Everyone
AbstractCapitalism-or, more precisely, the free enterprise system-is the most effective system for allocating resources and rewards. For this reason, most economists tend to believe that capitalism is bound to spread from the U.S. to all parts of the world. But the authors argue that the triumph of capitalism is far from certain. Part of the problem is that the forms of capitalism that are experienced in most countries are very far from the ideal. They are a corrupt version in which vested interests prevent competition from playing its socially bene. cial role. 2004 Morgan Stanley.
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Bibliographic InfoArticle provided by Morgan Stanley in its journal Journal of Applied Corporate Finance.
Volume (Year): 16 (2004)
Issue (Month): 4 ()
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- William Shughart & Robert Tollison, 2005. "The unfinished business of public choice," Public Choice, Springer, vol. 124(1), pages 237-247, July.
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