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Upstream cost inflation is back | Hellenic Shipping News Worldwide

In Adam Smith’s Wealth of Nations, he draws a useful distinction between “natural prices” and “market prices”. The natural price of something is based on the wages of the workers and the return on the capital needed to produce it, and the rent on any land they use. The market price is set by the ...
United States Adam Smith Margaret Dorn Robert Clarke Jeff Miller David Wallace

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