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Joseph Stiglitz's Vision of a New Progressive Capitalism

Capitalisn't

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Challenges of Theoretical Models in Real Life and the Call for Progressive Capitalism

The chapter explores the challenges faced when theoretical models intersect with real-world complexities, focusing on informational asymmetries and adverse selection in markets like the stock market and health insurance. It delves into Joseph Stiglitz's critique of neoliberal capitalism and his call for a progressive form of capitalism to combat inequality, emphasizing the importance of collective action and regulation for societal well-being.

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