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The Place of Science in Modern Civilisation, and Other Essays

Note 19 — THE PRECONCEPTIONS OF ECONOMIC SCIENCE[1]

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Wealth of Nations, Book I, chap. v. See also the plea for free trade, Book IV, chap. ii: "But the annual revenue of every society is always precisely equal to the exchangeable value of the whole annual produce of its industry, or, rather, is precisely the same thing with that exchangeable value."

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