Baetjer argues that the incentives inherent in market institutions outperform the incentives inherent in state institutions in getting people to properly consider the well-being of others when they act.

Foundational Concepts in Economics: 11: Free Market Incentives Foster Service to Others

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Foundational Concepts in Economics: 11: Free Market Incentives Foster Service to Others

Foundational Concepts in Economics: 11: Free Market Incentives Foster Service to Others