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Economics

Opportunity Cost

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“I have argued that capitalism, as a practical matter rather than as a system of theology, is an arrangement for getting a considerable decentralization in economic decision.”
— 
Galbraith, American Capitalism
“What is beautiful in an economy is not smallness as such, any more than bigness. It is a mix of firms of many sizes, each performing the task that suits its size best.”
— 
Heilbroner & Thurow, Economics Explained, p. 172