Author: medrano_lrj@yahoo.com
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Capitalism and Democracy: A New Parting of the Ways
Thirty some years ago Samuel Bowles and Herbert Gintis asked a provocative question—have democracy and capitalism come to a parting of the ways? Bowles very question was contrary to the mindset of the times. Milton Friedman, whose work has set the agenda for two generations of mainstream economists, had argued that only free market capitalism…