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Nobel Prize-winning economist Alvin E. Roth discusses the moral limits of markets, how bans create black markets, and why harm reduction often works better than prohibition.
At a sprawling bazaar on the outskirts of Vietnam’s capital, the trade in counterfeit goods is bustling despite government crackdowns and the threat of US tariffs over the issue,...
Smuggled smokes account for more than a third of consumption in France and Ireland.
"Really really free markets" help make sure people get the things they need.
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