Abstract
A country’s economy is the mechanism by which goods and services of material value are produced and disposed of. In this chapter and the next certain aspects of this mechanism will be considered, namely direction and decision-making, the motivation of the decision makers, the organisation of the economy and, finally, output or product, its disposal, and its relation to demand.
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Notes
S. D. Gordon, G. G. Dawson and J. Witchel, The American Economy: Analysis and Policy (Lexington, Mass., 1969) p. 7.
J. K. Galbraith, The New Industrial State (New York, 1968) p. 18.
M. Kaser, Soviet Economics (London, 1970) pp. 88–90.
R. W. Campbell, ‘Marxian Analysis’ in The Soviet Economy, ed. H. G. Shaffer (London, 1964) p. 353.
H. Schwartz, The Soviet Economy since Stalin (London, 1965) p. 241.
V. Packard, The Hidden Persuaders (London, 1957)
and The Status Seekers (London, 1960).
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© 1972 W. H. Parker
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Parker, W.H. (1972). The Economy: I — Direction and Motivation. In: The Superpowers. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01336-4_6
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DOI: https://doi.org/10.1007/978-1-349-01336-4_6
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