Abstract
On closely examining the workings of the economy some are surprised to find a pervading natural order, whilst others are most struck by precisely the chaotic nature of activity. These two positions correspond to the two views of society as in harmony or as in conflict. The belief In a harmonious natural order in the economy evolved largely as a result of the discovery of the circular flow of goods and income by the first economists in 18th century France. They were of the opinion that the order, rather than originating from supranatural powers or worldly authorities, was brought about by the interaction of all the producers and consumers in the market. The price mechanism had been discovered as the anonymous regulator of the economy.
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van den Noort, P.C. (1983). The Common Agricultural Policy Key to European Economic Integration. In: Coffey, P. (eds) Main Economic Policy Areas of the EEC. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-2130-1_1
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