Instead, the Tragic Vision looks to systems that produce desirable outcomes even when no member of the system is particularly wise or virtuous. Market economies, in this vision, accomplish that goal: remember Smith’s butcher, brewer, and baker providing us with dinner out of self-interest rather than benevolence. No mastermind has to understand the intricate flow of goods and services that make up an economy in order to anticipate who needs what, and when and where. Property rights give people an incentive to work and produce; contracts allow them to enjoy gains in trade. Prices convey
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