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preface Arthur Seldon
Painful consequences for Britain of restoring
Mild steady inflation cannot helpit can lead
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accelerating inflation achieved adaptation aggregate demand anti-social Arthur Seldon become believe Britain British economy British workers cause of unemployment coercion coercive powers commodities or services competition consumer costs created demand and supply depend deprived determined direction distribution of demand division of labour earn economic decline economists effect efficient efforts employed f. a. hayek force free market free society freedom freedom of association full employment function Hobart Paper impersonal incomes policy individual industry inevitable institutions justice Keynes labour market Legislation and Liberty longer maintain market prices means ment misdirection monetary policy monopoly moral necessary organisations output palliative ployment political politicians position present price structure privileges problem production Professor Hayek pursuit of gain reduced relative wages requires resources as possible result reward Road to Serfdom sell social structure of relative tion trade unions unem union leaders wants wealth Western world