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Adolf Heinrich Gotthilf Wagner[A´dOlf hIn´rikh gOt´hilf vAg´nur] Pronunciation Key, 1835–1917, German economist and socialist, studied at GOttingen and Heidelberg. He taught economics at several universities before becoming professor of economics at the Univ. of Berlin, a post he held for many years. He was an authority on banking and public finance and was a member of the Christian Socialist party. He promulgated a theory, known as Wagner's law, that governments increasingly assume responsibility for the economic welfare of their peoples.
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