Dominance Quote by Amartya Sen
“Globalization can be very unjust and unfair and unequal, but these are matters under our control. Its not that we dont need the market economy. We need it. But the market economy should not have priority or dominance over other institutions.”
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.
Ensure institutions share power with markets.
Themes
Mood
Type
When to use this quote
- policy design
- social entrepreneurship
- regulatory reform
Key Concepts
Questions to Reflect On
- What institutions should counterbalance markets?
- How can we measure institutional fairness?
Over‑reliance on markets can exacerbate inequality.