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The opinions expressed in this commentary are solely those of Christopher Bronk and Dan Wallach.
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One, discussed at length by Mr Bronk, comes from an alliance of utilitarianism and Adam Smith.
ECONOMIST: What��s progress?
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This is well-trodden ground, but Mr Bronk makes his case more persuasively and much more elegantly than his predecessors.
ECONOMIST: What��s progress?
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Mr Bronk next asks whether faith in progress, and specifically in market-driven material progress, is as well-grounded now as it was in the 18th century.
ECONOMIST: What��s progress?
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Mr Bronk says that utilitarianism (the idea that society should aim to achieve the greatest good of the greatest number) supplied Smith (who explained the market system) with moral content.
ECONOMIST: What��s progress?