According to the author, the fact that people often act irrationally:

Question

Quizplus · Accepted Answer

The author implies that irrational behavior by individuals can affect economic systems in such a way that it challenges the principles of laissez-faire capitalism, which assumes rational actors, and suggests the necessity for some level of government intervention or a welfare state to mitigate the consequences of such irrationality. This encompasses the ideas in options A, B, and C, making D the correct choice.

According to the Author, the Fact That People Often Act