This chapter contrasts two alternative philosophies that can provide the context for capitalism to exist. On the one end, the New Right holds that the most important social institution is private property, self‐interest is the central human emotion and insecurity is the engine of progress. If there is room for nobler sentiments like altruism, sincerity, and confidence, it is in our family life and not in commerce. On the other end, inclusive economies believe that there is no incompatibility between the functioning of markets and the existence of shared values, collective activity, and broadly accepted concepts of fairness.
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