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Exact(42)
Since Adam Smith, economists have argued that market processes can efficiently organize the activities of producers and consumers.
If weapons were purchased by competitive market processes, conservatives believe that they would be even better.
The destruction that the self-regulating market caused was met by attempts to assert social control over market processes.
This is most likely to occur in times of particular uncertainty, where there should be the highest premium on orderly market processes.
The widespread feeling of injustice derives from the fact that faceless market processes have assumed a directly political dimension in the popular perception.
While parts of it merely smuggled elements of rational pricing into the Soviet context, other parts were truly directed at outdoing market processes.
Similar(18)
"The Bell companies are in the driver's seat," he said, "whether there is a market process, or a regulatory process".
They need public agencies and regulators to save us from gross mistakes, and, paradoxically, to protect the pluralism that the market process extinguishes.
I came to the magazine with a poet's or a scholar's or a philosopher's antagonism to the market process.
It is the market process, and only the market process, that can tell us if a business' current operating hours make sense.
Only by letting the market process work will we start allocating valuable resources correctly.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com