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Digitopoly

Digitopoly

Competition in the Digital Age

Tag: enlightened self-interest

Posted on December 23, 2011

The Real Welfare Gain from the Holidays

One of the most famous quotations in economics points out how the market system enables each person’s self-interest to benefit others: It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own self-interest. That’s from The Wealth of Nations. But …

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