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timer Asked: Jan 13th, 2015

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5. “Free markets allocate economic goods in the most socially beneficial way and ensure

progress.” To what extent is this statement true? To what extent do you think it is false?

 3. “Locke’s views on property, Smith’s views on free markets, and Marx’s views on

capitalism obviously do not hold true when applied to the organizational structure and the operations of modern corporations.” Comment on this statement. What reforms, if any, would Locke, Smith, and Marx advocate with respect to current corporate organization and performance?

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