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According to Adam Smith and other classical economists, why is the economic theory supporting market economies (or capitalism) much more realistic than theories supporting command economies
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Feb 17, 2016
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According to Adam Smith and other classical economists, why is the economic theory supporting market economies (or capitalism) much more realistic than theories supporting command economies
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Vishwa Ratna
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Because Adam Smith and other classical economists take into account our natural predisposition for behavior and the way we also actually behave. While command economies are often handled on a much more theoretical level.
Gurjinder Singh
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Feb 21, 2016
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