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Abstract
It is an axiom of economists of today that in the treatment of the economic conditions of a country the financial policy of the government, insofar as it may possibly react on economic life, must be considered and vice versa, that anybody undertaking an investigation into the finances of a state cannot pass any judgement on measures taken without having adequate knowledge of the prevailing economic conditions. In addition the political situation will for an economic historian form part of the picture. These remarks apply without gainsay I suppose to any treatment of developments of the present century.