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Introductory Chaptre.Economic Facts and Economic Theory 1

PART Ⅰ THE PRODUCTIVE PROCESS 13

Ⅰ.Production and Exchange 15

Ⅱ.Goods and Services 25

Ⅲ.Consumption and Investment 34

PART Ⅱ.THE FACTORS OF PRODUCTION——LABOUR 43

Ⅳ.Population and its History 45

Ⅴ.The Economics of PoPulation 61

Ⅵ.The SPecialization of Labour 71

Ⅶ.The Effort of Labour 86

PART Ⅲ.THE FACTORS OF PRODUCTION——CAPITAL 93

Ⅷ.CaPital Goods and their Varieties 95

Ⅸ.private Property in Capital 108

Ⅹ.The National CaPital 120

PART Ⅳ.THE SOCIAL PRODUCT 135

Ⅺ.The Social Product and the Social Income 137

Ⅻ.Foreign Payments and the National Income 156

ⅩⅢ.The State and the National Income 171

ⅩⅣ.The British National Income in 1969 183

ⅩⅤ.The National Income in Real Terms——Index-Numbers 200

ⅩⅥ.National Income and Economic Growth 213

ⅩⅦ.The Terms of Trade 231

ⅩⅧ.Equality and Inequality 237

ⅪⅩ.Further Horizons 252

PART Ⅴ.SUPPLEMENTARY CHAPTERS ON SOCIALACCOUNTING 257

ⅩⅩ.The Social Accounting System 260

ⅩⅪ.The Social Accounts of the United Kingdom 276

APPENDIX 295

A.On the definition of production 295

B.On the idea of an optimum population 297

C.On the depreciation of capital 299

D.On the national balance-sheet 302

E.On comparisons between the real national incomes of different countries 306

F.On factor cost 307

G.1957 and 1969 309

INDEX 315