Tuesday, October 10, 2006

The Genius of Capitalism

The Genius of Capitalism
By Edmund S. Phelps
The Wall Street Journal Europe
10 Oct 2006

There are two economic systems in the West. Several nations—including the U.S., Canada and the U.K.—have a private-ownership system marked by great openness to the implementation of new commercial ideas coming from private entrepreneurs, and by a... read more...

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