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In this work, Rutherford reviews why Adam Smith, Hayek, Mises and others praised economic markets, with a view to understanding, in contrast, historical attacks on markets dating as far back as Aristotle. The market has long been criticized as an inappropriate method of allocation, encouraging...
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theory and policy. In particular, they follow in the tradition of his work on oligopoly and price theory, welfare theory and … policy, growth theory, environmental economics, technical change and the history of economic thought and methodology. The …
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