Introduction

A. Coskun Samli

A chapter in Dynamic Markets and Conventional Ignorance, 2014, pp 1-4 from Palgrave Macmillan

Abstract: Abstract The market economy is the only vehicle that is likely to create and distribute wealth. But, left alone, it cannot really do the job. The market system left alone does not have a mind, a will, conscience, or even a goal. So, by definition, if it is left alone it cannot do well for all. It is only a tool; it is not quite equipped to make good decisions for all. It can be pulled or pushed by businesses, which are the fuel to move and direct the market system along with the government. As such, the business sector has tremendous power; left alone, there is no reason why the business sector should take the most benevolent route to wealth and prosperity for all. As present conditions indicate, it can easily take the greed route and make a few people incomprehensibly rich at the expense of the rest of the society (Smith 2012, Samli 2013).

Keywords: Market Economy; Finance Economy; Business Sector; Market System; Dynamic Market (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37021-1_1

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DOI: 10.1057/9781137370211_1

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