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Updated: May 27, 2025
The Ricardians insist upon the vital importance of 'capital. The one economic end of the statesmen, as the capitalist class naturally thinks, should be to give every facility for its accumulation, and consequently for allowing it to distribute itself in the most efficient way. Chalmers, on the contrary, argues that we may easily have too much capital. He was a firm believer in gluts.
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