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Who is Hayek referring to in this statement about taxonomy in economics?

I don't know who all the critics were but one of them was Thorstein Veblen. According to Ghosh (1984)$^1$: Thorstein Veblen criticized orthodox economic theory of his day on the following counts: ...
WilliamT's user avatar
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1 vote

Does a free market economy sustain a greater variety of business models in any given industry?

Let's unpack the discussion into two parts: how we think of free market and business models. Free Market Economy The question is pretty clear in drawing direct comparison between free market economy ...
ykc's user avatar
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Does a free market economy sustain a greater variety of business models in any given industry?

I do not believe there is any direct econometric evidence because nowadays, aside from the North Korea, there are almost no centrally planned economies left. Furthermore, there are no straightforward ...
1muflon1's user avatar
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