… is from page 46 of my colleague Tyler Cowen’s 2007 book, Discover Your Inner Economist:
One of the least-heralded virtues of capitalism is how it blends and melds different kinds and mixes of rewards and penalties. Capitalism is not just dollars, dollars, and more dollars. It is also the best system for mobilizing intrinsic motivations towards the greater good of mankind. And that includes allowing people a sense of control.
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