The Fundamental Problem

Robert Bacon and Walter Eltis

Chapter 4 in Britain’s Economic Problem: Too Few Producers, 1978, pp 92-116 from Palgrave Macmillan

Abstract: Abstract The fundamental ways in which extra-rapid growth of non-market expenditure cause difficulties for an economy will be explained in this chapter. The full implications of the argument, which applies to Britain particularly sharply, will then be set out.

Keywords: Money Supply; Public Spending; Technical Progress; Private Consumption; Market Sector (search for similar items in EconPapers)
Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-15863-8_4

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DOI: 10.1007/978-1-349-15863-8_4

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