"Capitalism prospers in an environment with a peculiar combination of self-interested behavior - enough to induce individuals to look for profitable activities - and non-self-interested behavior, where one's word is one's honor, where social rather than economic sanctions suffice to enforce contracts."
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Original Language: English
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Sources
Joseph E. Stiglitz, Whither Socialism? (1994), chapter 16, p. 271
https://en.wikiquote.org/wiki/Capitalism
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Capitalism
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