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First published in 1923 and delivered as the Watson Chair Lectures
to various British universities in the previous year, this book
examines democracy from an economic viewpoint in order to underline
the similarities between the British and American systems of
government through the industrial problems each face. Hadley
explores how democracies in the past have addressed economic
problems, the role of collective bargaining in politics and the
effect of the free market on 'national character and national
efficiency'. This book will be of value to anyone with an interest
in the impact of economics on democratic governments.
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