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Markets and Economic Theory

Brennan, H Geoffrey; Anomaly, Jonny


This entry introduces the basic aspects of the institution of the market, describing its normative significance and basic functions. It then proceeds to examine the controversial relationship of markets to the distribution and consumption of public goods and concludes by raising some critical points.

CollectionsANU Research Publications
Date published: 2013
Type: Book chapter
Book Title: Encyclopedia of Philosophy and the Social Sciences
DOI: /10.4135/9781452276052.n215


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