The Economic Problem in Peace and War: Some Reflections on Objectives and Mechanisms

aggregate demand allocation analysis apparatus argue argument automatic basis believe capital capital accumulation choice collectivist competition concerned conscription consumers consumption criterion decisions demand side desirable difficulties direct distribution doubt duction economic effective equilibrium essential factors factors of production favour fiscal theory freedom important incomes indiscriminate benefit individual inflationary interest investment involve kind labour least lecture limited LIONEL ROBBINS machinery of control marginal cost matter means measures mechanism ment necessary necessities objectives of production organization of production peace-time perhaps point of view political position possible power to demand powers of control practice present price fixing price system private enterprise problem purchase tax question rationing reason regard rise sector sense sort speak sumers supply supply and demand surely taxation things tion to-day total war totalitarian trade union ultimate uncon wages war economy war-time wish