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1 The Nature of Economics and Economizing 1

2 Production，Specialization，and Exchange 19

3 The Market Economy：A Preliminary View 33

4 Natural Resources and Capital Formation 53

5 Population：Quantity and＂Quality＂ 76

6 National Income：The Structure of American Production 97

7 The Organization of Business 132

8 The Corporation in the American Economy：Control and Management 157

9 The Financing of Business：Security Markets 171

10 Big Business in the United States 194

11 Labor Unions：Growth，Structure，and Objectives 214

12 Labor Unions：Bargaining，Government＇s Role，Problems，and Trends 248

13 The Nature and Supply of Money 271

14 The Banking System of the United States 301

15 Bank Safety：Investment Institutions 333

16 The Value and Significance of Money 346

17 Employment Theory 361

18 Business Fluctuations (Cycles) 392

19 Demand 417

20 The＂Law＂of Supply and Demand 441

21 Cost and Supply：Firm and Industry 464

22 Price-Output Adjustment under Competition：Firm and Industry 486

23 Price-Output Adjustment under Monopoly and Oligopoly 500

24 The Sources of Monopoly and of Restrictions on Competition：Monopolistic Competition 516

25 Government Policies to Prevent Monopoly and to Regulate Competition 532

26 Public Utilities 553

27 The Principle of Marginal Productivity 567

28 Wages 576

29 Unions and Wages 609

30 Rent 624

31 Interest 653

32 Profit and Loss 679

33 Income Distribution by Size and the Problem of Inequality 702

34 Social Insurance and Public Assistance 723

35 Personal Finances：The Problems of the Consumer；Insurance 736

36 The Role of International Trade 756

37 International Payments：Currency and Financial Problems 784

38 International Investment；Imperialism；Point Four 806

39 Tariffs and Government Policy on International Trade 825

40 Government Spending and Budgeting 847

41 Taxation：Principles and Practice 879

42 Taxation：Government Borrowing 915

43 Monetary and Fiscal Policy for Economic Stabilization 938

44 Stagnation：Inflation；Is Either a Long-Run Possibility？ 962

45 Government Farm Policy：A Case Study 990

46 Economic Growth 1017

47 Political Economy in the United States 1040

INDEX 1052