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Michael Sandel – The Tyranny of Merit

The Glenn Show

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Are Prices a Window on the Soul of Whoever Is Conveying the Goods?

Paul Samuelson, Bob Solo and others were my teachers when I was an economics graduate student. Their reaction to capital is Das Kapitav's arguments about value being grounded in labor. And what prices are telling us is the outcome of these massively complex interconnected interests,. They're our best mechanism for solving the resource allocation problem in an effective and efficient way.

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