Politics and Economics: Papers in Political Economy

Adam Smith aggregate demand analysis argue argument Bank of England believe Bentham central bank certainly collectivism Committee conceived conception concerned considerable credit base currency danger deflation demand desirable difficult discussion division of labour doubt economists effects equality expenditure free society freedom fundamental galleries idea important income increase inequality inflation influence institutions interest rates involved J. S. Mill laissez-faire least less liberal liberty limited liquidity Lloyds Bank matter measures ment monetary policy money supply movement objective perhaps point of view Political Economy position possible present principle problem production Professor Hayek question reason regard relation reserve respect restriction Robert Torrens seems sense Sir Donald situation social sort sphere suggest supply of money surely taxation tend tendency theory things thought tion trade true ultimate United Kingdom volume