First published in 1909 and reissued in 1910, J. A. Hobson's The
Industrial System provides a complex analysis of distribution and
consumption. Offering a critique of contemporary capitalism whilst
accepting the superiority of the free market, the book includes an
exploration of areas such as cost and surplus, supply and demand
and the labour movement. This is an important work by one of the
most important economic thinkers of the twentieth century, which
will be of particular interest to modern economic historians.
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