The Principles of Economic Planning: A Study Prepared for the Fabian Society

abnormal profits achieve adjust adverse balance agricultural allocated backward countries balance of payments Britain British budget capital levy capitalists cent chapter circulation of money classes commodities competition consumers consumption currency deflation demand depends depreciation desirable disinflation distribution of income domestic price level earnings economic system economic union effect efficiency eliminate enterprise equality essential industries example export surplus Fabian Society fall favour firms fluctuations foreign trade full employment immobility increase inflation investment labour laisser-faire less level of wages machinery market economy measures ment mobility monetary monopoly national income nationalisation necessary planners planning by direction planning by inducement possible pound price control problem production profits quantity of money raising rapidly rate of exchange rate of interest raw materials redistribution reduce retailing rise sales promotion shortage slump social socialists stabilise standardisation subsidies supply targets taxation taxes tion trade unions workers