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Clearly explain the meaning of David Hume's 'Price-Specie' mechanism. How did it serve to counter the mercantilist doctrine that postulated an inflow of gold as
Clearly explain the meaning of David Hume's 'Price-Specie' mechanism. How did it serve to counter the mercantilist doctrine that postulated an inflow of gold as tantamount to an increase in the material prosperity of an economic system
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
