North, Dudley

North, Dudley

 

Born May 16, 1641, in London; died there Dec. 31, 1691. English merchant and economist.

North lived in Turkey for many years. During the reign of Charles II (1660–85) he was sheriff of London, and later a commissioner of customs. An economic theorist of the period of disintegration of mercantilism, North argued that the wealth of a country is not determined by its gold and silver reserves but rather by the development of its industry, agriculture, and international trade. Considering capitalist development a natural process, he favored free trade and opposed state intervention in economic life. He established that the level of the interest rate is fixed by supply and demand rather than by the amount of currency in circulation. K. Marx described North as “one of the most prominent theoretical economists of his time” (K. Marx and F. Engels, Soch., 2nd ed., vol. 25, part 2, p. 161).

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1m followed by Birmingham East and North, Dudley and Wolverhampton PCTs, all spending pounds 2.
The Tories also polled more votes in the safer Labour constituencies of North Warwickshire, Coventry North West, Coventry South, Dudley North, Dudley South, Walsall South, Tamworth and Nuneaton.
Constituencies including Edgbaston, Dudley North, Dudley South, Stourbridge and Halesowen & Rowley Regis are all likely to switch from Labour to Tory, according to a survey by YouGov and Politics Home.
The roads include Churchfield Street, Claughton Road North, Dudley Southern Bypass and Wolverhampton Street.
The roads to be closed include Churchfield Street, Claughton Road North, Dudley Southern Bypass, Birmingham Street, Birdcage Walk, High Street and Wolverhampton Street.

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