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Date: 3/22/2009
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Review: Book covers real-world application of economic principles

Asheville Citizen-Times

Charles Koch's explanation for KII's success is the strategy he calls market-based management, or MBM. The basic premise is to apply the principles of a free and prosperous society at the level of a firm. There are several elements to MBM, but the basic keys are an understanding of how value is created and humility about the source and nature of knowledge.