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| Preface | |
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| Introduction | |
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| Feudalism and the Evolution of Economic Society | |
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| Thomas Aquinas and the World View | |
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| Up from Antiquity | |
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| A Brief History of the Development of Feudalism | |
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| The Rebirth of Markets | |
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| The Winds of Change Along the Road to Harmony | |
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| Mercantilism and Big Government | |
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| Adam Smith's Great Vision | |
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| Newton, Smith, and Natural Law | |
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| The Physiocrats | |
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| Adam Smith's Approach | |
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| Industry and the Wealth of Nations | |
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| Smith's Theory of Economic Development and Growth | |
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| Natural Law and Private Property | |
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| Smith's Theory of Value | |
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| Smith, Reality, and the Visions to Come | |
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| Bentham and Malthus: The Hedonist and the �Pastor� | |
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| A Sketch of the Classical Economists | |
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| Classical Moments and Industrial Revolution | |
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| The Evaporation of Smithian Harmony | |
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| The Philosophical Radicals, Especially Jeremy Bentham | |
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| Thomas Malthus and the Population Bomb: A Flash for the Unenlightened | |
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| The Distribution of Income: Ricardo versus Malthus | |
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| David Ricardo, the Stockbroker-Economist | |
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| The Social Scene; Liberty, Fraternity, and Unequal Economic Classes | |
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| Ricardo Takes on the Mercantalists | |
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| Ricardo's Contributions | |
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| The Classical Legacy | |
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| The Cold Water of Poverty and the Heat of John Stuart Mill's Passions | |
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| Workers in the Real Industrial World | |
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| Charles Dickens Takes on Poverty, Factory Conditions, and the Classical Economists | |
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| John Stuart Mill: Somewhere Between Capitalism and Socialism | |
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| Karl Marx | |
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| Marx and His Soulmate, Engels | |
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| The Influence of Hegel | |
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| The Sting of Economic Alienation | |
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| The Marxian Economics System | |
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| Flaws in Marx's Vision | |
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| Alfred Marshall: The Great Victorian | |
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| Pleasure and Pain at the Margin | |
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| The Marginalists' Bridge | |
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| Marginalism and the Theory of Distribution | |
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| Marshall and the Neoclassical Niceties of Victorian England | |
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| Marshall's Contributions | |
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| Up Against Walrasian Equilibrium | |
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| The Great Influence of Alfred Marshall | |
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| Thorstein Veblen Takes on the American Captains of Industry | |
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| Horatio Alger and the Benign Universe | |
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| The Second Industrial Revolution | |
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| British Industry: The Sun Also Sets | |
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| The Rise of the Robber Barons | |
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| The Social Darwinists | |
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| Darwinism Revised: Veblen and the Institutionalists | |
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| The Neoclassical Ascendency and Public Policy | |
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| A Notable Absence of Harmony | |
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| Veblen Passes into Legend | |
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| The Jazz Age: Aftermath of War and Prelude to Depression | |
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| The Edwardian Age and the Early Bloomsbury Years of John Maynard Keynes | |
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| Imperialism and the Russian Revolution of 1917 | |
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| John Maynard Keynes at Versailles | |
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| The View From America | |
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| The Roaring Twenties | |
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| The First Mrs. Robinson, Mr. Chamberlin, and Nonprice Competition | |
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| John Maynard Keynes and the Great Depression | |
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| The Prelude to Disaster | |
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| The Speculative Bubble | |
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| The Great Crash | |
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| The Aftermath | |
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| The Depression of the 1930s | |
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| The Neoclassicals Address the Issues | |
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| Keynes's Academic Precursors | |
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| Keynes's Policy Suggestions | |
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| Primal Keynesianism and the Early New Deal | |
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| The Famous Keynesian Multiplier | |
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| Illusions and the National Income | |
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| Money and Uncertainty | |
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| Keynes, Harvard, and the Later New Deal Years | |
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| The Keynesian Revolution: Why? | |
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| Postscript and Prelude | |
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| Conclusions | |
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| The Many Modern Keynesians | |
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| World War II Transforms the Economy | |
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| The Fiscal Keynesians | |
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| The Neoclassical Keynesians | |
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| Saving Keynes's Theory | |
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| The Post Keynesians | |
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| The Income Distribution | |
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| The Price Markup and Inflation | |
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| Incomes Policy | |
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| Money and the Financing of Investment | |
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| Whither Economic Growth? | |
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| Conclusions | |
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| The Monetarists and the New Classicals Deepen the Counterrevolution | |
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| The Inflation-Unemployment Crisis of the 1970s | |
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| The Problems Inflation Raises | |
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| The Sources of Inflation | |
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| The Modern Quantity Theory of Money | |
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| The Friedmanian Phillips Curve | |
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| Friedmanian Prediction for Inflation | |
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| Monetarism and the Great Depression | |
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| The New Classicals | |
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| The Rational Expectations Game | |
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| The Natural Rate of Unemployment and Output | |
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| New Classical Economic Policy | |
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| Rational Expectations and the Real World | |
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| The New Classicals and Depressions | |
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| The Real Business Cycle | |
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| Conclusions | |
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| Economic Growth and Technology: Schumpeter and Capitalism's Motion | |
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| Post Keynesian Economic Growth Theory | |
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| The Neoclassical Growth Theory | |
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| The Problem With Historical Economic Growth | |
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| Joseph Alois Schumpeter | |
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| Schumpeter's Theory of Capitalist Motion | |
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| The Product Cycle: Schumpeter Extended | |
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| Innovations and the Product Cycle | |
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| Stagnation and Stagflation: The Long View | |
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| The Many Faces of Capitalism: Galbraith, Heilbroner, and the Institutionalises | |
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| The Institutionalist Vista | |
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| Robert Heilbroner and the Worldly Philosophy | |
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| Capitalism: Heilbroner's Vision | |
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| John Kenneth Galbraith: An Introduction | |
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| Galbraith's General Theory of Advanced Development | |
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| Conclusions | |
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| The Rise of the Casino Economy | |
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| The Federal Reserve's Experiment with Friedman's Monetarism, 1979-1982 | |
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| Supply-side Economics | |
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| The Sequel | |
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| Casino Capitalism | |
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| The Growing Inequality During the 1980s | |
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| A Net Worth Perspective: Where the Money Went | |
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| Clintonomics: Continuity With the Federal Reserve | |
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| The Clinton Legacy: Ending the Progressive Agenda | |
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| Conclusions | |
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| The Global Economy | |
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| Globalization and the Growth of Multinational Corporations | |
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| The International Product S-Curve | |
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| Trade Deficits and Full-time Jobs in the USA | |
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| Downsizing American Labor | |
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| The Globalization of Debt and Financial Fragility | |
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| Downsizing the Middle Class at the Millennium | |
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| Conclusions | |
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| Climbing the Economist's Mountain to High Theory | |
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| The Evolution of Economics | |
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| High Theory and Its Version of General Equilibrium | |
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| Input-Output and Price Mark-ups: An Alternative View of Interdependent Industries | |
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| Choosing Between Equilibria Avenues: A Critical Path | |
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| The Housing and Credit Crises of 2008 | |
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| A Review | |
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| The Black-Sholes Model and The Origin of Derivatives | |
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| The Legacy of President Bill Clinton and Alan Greenspan's Alliance | |
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| The Spring 2008 Economic and Financial Crisis | |
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| Innovations in Housing | |
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| The Subprime Mortgage Mess | |
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| Complications from Derivatives | |
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| Problems Go Global | |
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| The Economic Crisis of Summer 2008 | |
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| The Crisis Deepens | |
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| The Great Recession of 2007-10 | |
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| The Unconventional Use of Monetary Policy | |
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| The Fiscal Stimulus | |
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| The Crisis in the Automotive Industry and Obama's Response | |
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| The Housing and Banking Crises Continue | |
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| The Conduct of Monetary Policy Under Bernanke | |
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| A Cassandra Who Became a Prophet | |
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| The Future of Economics | |
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| The Quest for �Radical� Alternatives | |
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| The Keynesian Challenge | |
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| From the Old to the New Economy: It's a Long Wave | |
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| Lessons from the Great Recession of 2007-10 | |
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| Political Economy, Again | |
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| The Voice of the Masters | |
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| Glossary of Endurable Terms | |
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| Annotated Suggestions for Further Readings | |
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| Index | |