Tue, Jun 11, 2013 - Page 9 News List

Neoliberalism ignorant toward investing in more than economy

By Deborah Orr  /  The Guardian, LONDON

The neoliberalism that the IMF still preaches pays no account to any of this. It insists that the provision of work alone is enough of an invisible hand to sustain a market. Yet even Adam Smith, the economist who came up with that theory, did not agree that economic activity alone was enough to keep humans decent and civilized.

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