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Why prices are good-smith vs darwin

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Reference no: EM131171253

In the article "Why Prices are Good: Smith vs. Darwin", Steven Landsburg argues that evolutionary biology (the survival of the fittest) and the concept of competitive market (invisible hand) are different.

a) Do you agree with his views?

b) Is there a particular case where "the survival of the fittest" does apply to the present US economy or society as a whole? Explain.

Reference no: EM131171253

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