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Dominance Quote by Amartya Sen

“Globalization can be very unjust and unfair and unequal, but these are matters under our control. It’s not that we don’t need the market economy. We need it. But the market economy should not have priority or dominance over other institutions.” quote by Amartya Sen
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“Globalization can be very unjust and unfair and unequal, but these are matters under our control. It’s not that we don’t need the market economy. We need it. But the market economy should not have priority or dominance over other institutions.”

Amartya Sen

About This Quote

Source Essay: Development and Freedom, 1999

Market economies are useful but should not dominate; balance with other institutions for justice.

In simple terms: Markets need balance with other systems.

Key Takeaway

Ensure institutions share power with markets.

Themes

justice economics institutional balance

Mood

analytical critical

Type

philosophical policy

When to use this quote

  • policy design
  • social entrepreneurship
  • regulatory reform

Key Concepts

social welfare public policy economic theory

Questions to Reflect On

  • What institutions should counterbalance markets?
  • How can we measure institutional fairness?
A Different Perspective

Over‑reliance on markets can exacerbate inequality.

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