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Problem regarding the political marketplace

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Nobel Laureate James Buchanan, who was one of the key figures in developing the public choice model, wrote: "The relevant difference between markets and politics does not lie in the kinds of values/interests that persons pursue, but in the conditions under which they pursue their various interests." Do you agree with this statement? Are there significant ways in which the business marketplace differs from the political marketplace?

Reference no: EM131023527

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