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The much-used argument against regulating business or financial trading - that 'the market will decide' - is quite simply falling apart. In everything from the massive corporate scandals to anti trust cases to serious environmental degradation we see all around us, it is obvious that Adam Smith's famous 'invisible hand' cannot be relied upon to bring us successful or sustainable outcomes.
nef's work on transforming markets has gone beyond the idea that it is just corporations themselves that should be encouraged or even made to be socially, environmentally and financially responsible. It is the framework that corporations work in, the rules and incentives that drive their behaviour, the market in fact, that must change.
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