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The modest growth of the British machine-tool industry between the World Wars is here traced to competitive weaknesses in production methods and marketing arrangements.
In rejecting the traditional identification of the Suffolk System with Gresham's Law, this article uses economic theory to sharpen our perspective on historical business reality.
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In the manner of the Creole tradesmen of Louisiana, whose lagniappe to their patrons is legendary, the Editor offers a similar bonus to readers of the Review. Instead of trifling presents added to a purchase, however, our lagniappe will be notes and documents illustrative of the evolution of business enterprise.