Economic Development and the Death of the Free Market

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Description: A study of how hierarchy grows with economic development

License: CC-By Attribution 4.0 International

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Free markets are, according to neoclassical economic theory, the most efficient way of organizing human activity. The claim is that individuals can benefit society by acting only in their self interest. In contrast, the evolutionary theory of multilevel selection proposes that groups must suppress the self interest of individuals. They often do so, the evidence suggests, by using hierarchical org...

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