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Quotation of the Day…

… is from page 185 of University of Notre Dame philosopher James Otteson’s superb 2021 book, Seven Deadly Economic Sins:

Cooperative behavior in market economies may be driven by self-interest, but it is not selfish in the sense of disregarding others’ interests. Indeed, the only way that exchanges can be successfully executed in a market economy is with the cooperation of willing others. Thus, market economies are as much cooperative as they are self-interested.