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" The market is far from a harmoniously ticking piece of clockwork, an inevitable consequence of rational, human individuals following a single path through life. It’s more complicated than that. The market’s distinguishing feature, if anything, is one of incredible pressure to change. Without sentimentality it sweeps away old companies, old technologies and everything else that it doesn’t have a use for; in many cases, people. The market isn’t very considerate. That’s why it can drive development to such a degree, but it can also destroy development for the same reason – and with the same power. The market is terribly effective in some areas and terribly ineffective in others. It is everything but mechanical, simple and inevitable. "

Katrine Marçal , Who Cooked Adam Smith's Dinner? A Story About Women and Economics


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Katrine Marçal quote : The market is far from a harmoniously ticking piece of clockwork, an inevitable consequence of rational, human individuals following a single path through life. It’s more complicated than that. The market’s distinguishing feature, if anything, is one of incredible pressure to change. Without sentimentality it sweeps away old companies, old technologies and everything else that it doesn’t have a use for; in many cases, people. The market isn’t very considerate. That’s why it can drive development to such a degree, but it can also destroy development for the same reason – and with the same power. The market is terribly effective in some areas and terribly ineffective in others. It is everything but mechanical, simple and inevitable.