4. This chapter emphasized the importance of the relationship between how the economic system is organized and

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4. This chapter emphasized the importance of the relationship between how the economic system is organized and value systems. Knowing that how I raise my child will greatly shape how he or she will ultimately fit into the social and economic process, should I raise my child to be selfless, compassionate, and dedicated to advancing the well-being of others, knowing she will probably be poor; or shall I raise her to be self-centered, uncaring, and greedy to increase her chances to acquire personal fortune? Which decision is just and why?

(Institutionalist)

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Microeconomics

ISBN: 9780077501808

9th Edition

Authors: David Colander

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