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Edmund Phelps - In essence, capitalist systems are a...

In essence, capitalist systems are a mechanism by which economies may generate growth in knowledge - with much uncertainty in the process, owing to the incompleteness of knowledge. (Edmund Phelps)

In essence, capitalist systems are a mechanism by which economies may generate growth in knowledge - with much uncertainty in the process, owing to the incompleteness of knowledge.

Edmund Phelps

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capitalist essence growth incompleteness knowledge mechanism process uncertainty

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