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Rawls, Hayek, and Liberalism's Relationship with the Market

Political Theory 101

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The Political Origins of Capitalism

Hayek supposes that the market order is the main example in society of a spontaneous order. But if the corporation has just suggested functions a bit like a state, he says. The relations between companies are analogous to the relations between states. Hayek also didn't consider fully how political the origins of capitalism really were.

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