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Author : William Beveridge

 : Full Employment in a Free Society

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The inability of the unplanned market economy is not accidental: it is inherent. Modern analysis makes it possible to state categorically that, in the absence of planning there will be fluctuations. How severe they would be, in future, theory alone cannot tell us.


     From : Appendix B: Statistical and Technical Notes, Page 343.

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     2 -- Added : April 16, 2020

     2 -- Updated : June 30, 2022

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