Rethinking the Economy

[Part 2 of Values-based vs. Market-based Approaches to the Economy]
Last week, I argued that a values-based framework has two big advantages over a market-based framework in setting the agenda. We’re more likely to debate what really matters to us. And we’re more likely to debate who should get to decide — and in [...]

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Exhibit 42,517 of how deeply government is embedded in the “free market”: Apple just sicced its lawyers on HTC, an Android phone manufacturer, charging that it violated a gazillion Apple patents. Why HTC and not Google, which came up with Android?
[Harvard Law Prof. Jonathan Zittrain] believes Apple is simply going after a less [...]

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One last point from Cassidy’s article. Any time we start talking about regulating finance, Wall Street says, your rules will stifle our innovation! Cassidy’s reply:
That’s precisely the point. “The goal is not to have the most advanced financial system, but a financial system that is reasonably advanced but robust,” Viral V. Acharya and Matthew [...]

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