Includes bibliographical references and index

What this book is all about -- The evolution of capitalism -- The great economists -- A bird's-eye view of the economy -- The trend of things -- America in the world economy -- Economic science -- Supply and demand -- Why economists disagree -- An economist's kit of tools -- GNP : the nation's output -- Buying the national product -- The growth of supply -- The growth of demand -- Household consumption -- Business investment -- Public spending and deficits -- Aggregate demand and supply -- Money and banking -- The Federal Reserve -- Money and the macro system -- The debate about monetary policy -- Inflation -- Prospects for long-term growth -- Prices and allocation -- Market dynamics -- Where the market fails -- Operating a competitive firm, I -- Operating a competitive firm, II -- Operating a big business -- Taxing and spending -- The control of market power -- The distribution of income, in theory -- How incomes are distributed, in fact -- Unemployment and poverty -- The gains and strains of trade -- Buying and selling abroad -- Where are we headed?

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