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SOME FAILURES OF CLASSICAL ECONOMICS
THE EARLY MIDDLE AGESA D 8001400
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Adam Smith agrarian agriculture Alexander Hamilton American system bank became bullion capitalism capitalistic Carey Carnegie church Civil classical economics cloth coal Colbert colonies commercial common conflict cotton course craft created discoveries early Middle Ages East economic economists England English Europe export factions farming feudal finally France free enterprise free private enterprise free silver freedom French George Henry Evans gold grew guilds Hamilton important Industrial Revolution interest invention iron Jefferson king labor land landowners later lord Malthus manor manufacturing Marx mercantilism mercantilist merchants mills monopoly needed nineteenth century nomics organized Parliament party peasants physiocrats political population production profit protection reform regulation ships social society South Spain Speenhamland system steam engine steel surplus tariff taxes theory thing Thomas Jefferson Thomas Skidmore thought tion took towns trade and industry unions United wage wanted Watt Wealth of Nations woolen