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Patricia H. Werhane and David Bevan

Chapter 12 by Patricia H. Werhane and David Bevan takes up the critical view of present day ‘market capitalism’ – already expressed in several previous chapters. The authors rectify the widely held misinterpretation of Adam Smith’s understanding of free enterprise and demonstrate, with numerous examples, the expanding drive of alternative businesses in different parts of the world. This constructive trend from the bottom-up is articulated and exemplified also in several other chapters.