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A SHORT STUDY IN WORLD ECONOMICS
ECONOMICS IN THE MODERN WORLD
A NOTE ON LAISSEZFAIRE
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actual Adam Smith additional advance advertising amount arise assumption bank basis bourgeoisie Britain capital resources capitalist commodities consumers countries course demand distribution of incomes doctrine duction Economic Nationalism economic system economists effect employers enterprise equilibrium exchange existing extent factors of production fall forces free market Germany Guild Socialists Hayek increase individual industry inheritance instruments of production investment involve labour laissez-faire less limits loyalties Marx means of production ment methods mobilisation modern munitions nomic organisation output ownership particular planned economy political possible problem productive resources profits purchasing power rate of interest rate of saving realised Russia sense social Socialist economy Society spending stage sumers supply of money taxation technical tend tendency things tion to-day Trade Union triangle wages wealth workers