One important misunderstanding to get out of the way is that capabilities as freedoms refer exclusively to the “free market.” Sen (1993b) does argue that people have reason to value the freedom or liberty to produce, buy, and sell in markets. This point, however, is part of his more general work on development, and is a very different matter than the highly disputed question in economics and politics regarding the benefits and limits of the market as a system of economic production and distribution. Functionings and capabilities are conceptualizations of well-being achievements and well-being freedoms, and the question which economic institutions are the best institutional means to foster functionings and capabilities is both analytically but also politically a question that can only be settled after we first agree what economic outcomes we should be aiming at—and this is a question to which the capability approach gives a (partial) answer.