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holds and firms because a government has sanctioned an increase in the money supply and caused inflation.<br /><em>See also:</em> forced saving; marginal employment subsidy; seignorage; tax-based incomes policy
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international comparisons (E6, FO) Assessment of the relative performance of different national economies. Since 1945 the advent of NATIONAL INCOME accounting has Jed to GROSS DOMESTIC PRODUCT and GROSS NATIONAL PRODUCT measures being frequently used for this purpose. Microeconomic institutions are also compared with a view to remodelling them in the light of foreign experience. Before the systematic and regular collection of economic statistics, international comparisons in the form of travellers' accounts of foreign countries were often used by economists, e.g. PETrY, SMITH and MALTHUS.
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years after her successful Conversations on Chemistry, anticipated some of RICARDo's ideas and was praised by both him and SAY. Her Stern summary of CLASSICAL ECONOMICS takes the form of conversations between Mrs B and Caroline on twentyone topics, including property, division of labour, capital, wages, population, the condition of the poor, revenue from factors of production, value, money, foreign trade and expenditure. Caroline is encouraged to study economics as 'you will seldom hear a conversation amongst liberal-minded putational experience in applying this principle has increasingly dealt with the problems of fixed costs, complex production and distribution systems and changes in demand and technology. Critics of this type of pricing remain concerned about its MONOPOLY and lNCOME DISTRIBUTION effects. <br /><em>See also:</em> female economists
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