The Market and the State: Essays in Honour of Adam Smith

Adam Smith aggregate demand agricultural analysis balance of payments banking benefit Britain British Cannan capital cent century changes commodity competition concept consumers costs course defence discussion distribution division of labour economic growth economic thought effects efficiency employment equal Europe exchange exports external factor fiscal free trade function important income increase individual industrial revolution inflation institutions interest investment Josiah Wedgwood labour market less limited London long-run manufactures marginal ment mercantilist modern economists monetary money supply monopoly Moral Sentiments natural liberty output perhaps Political Economy Political Economy Club population production Professor Musgrave profits progress Public Expenditures Public Finance question redistribution restrictions Ricardo rise role sector self-interest share Smithian social social welfare function society sympathy taxation terms of trade Theory of Moral tion tropical utility wages Wealth of Nations Wedgwood welfare economics