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A history of economic doctrines

Note 1141 — Chapter I · : THE HEDONISTS

R. (Robert) Richards translation

The same is true of American economists, where the use of the Hedonistic method is by no means confined to one school. Professor Clark employs it, and he is rather inclined to set up an apology for the present economic order and to trust to the efficacy of free competition. But Professor Patten also makes use of it, and he is an interventionist of the extreme type.

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