Source of market efficiency under conditions of free trade

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Whereas Adam Smith claims that self-interest is the source of the market’s efficiency under conditions of free trade, Marx focuses on how the worker is alienated under capitalism. Both thematize how the system works. But when Aristotle discloses how living the good life places limits on the art of acquisition, he focuses on an individual’s personal virtue. Why do we need both levels of analysis, the individual as well as the systematic?

Reference no: EM131166389

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