Sublime

publicly visible.

Yet it is that transition from personal simplicity to impersonal complexity that makes capitalism so effective at producing great wealth. To complicate matters further, the extended marketplace of millions or billions of people enables enterprising individuals with value-creating ideas to amass greater wealth than they would be able to amass while

beneficial role of freer markets, more open societies, and better governance in spurring economic growth.

Dans ses grandes lignes, la lutte autour de l’OIC oppose le Nord au Sud. La volonté de compromis affichée par les États-Unis en faveur de la charte de La Havane montre toutefois que l’« Occident » ne doit pas être perçu, dans l’après-guerre, comme un acteur monolithique63. Loin de toute intransigeance, les représentants officiels des États-Unis

Se não podemos confiar que as forças de mercado da oferta e da demanda fixarão ótimos preços de mercado, e não podemos contar que mecanismos do livre mercado ajudem a maximizar nossa utilidade, talvez tenhamos que buscar outra solução.

This grip of voice and exit, explained in Albert O. Hirschman’s famous framework[70], proved particularly powerful. Workers’ bargaining power led to higher wages which, in turn, led to more tax revenue to bankroll social insurance regimes and a more widespread access to capital on financial markets—all of which improved the workers’ bargaining

In the language of economics, human well-being is affected not only by the mean (the prosperity of the average citizen) but also by the variance (the increasing dispersion between rich and poor). In plainer English, the incentives and equal opportunity afforded by free trade simultaneously improve the overall welfare of mankind and increase

each land parcel on the landscape is characterized by its distance to market,