First-2d ed. by A. L. Grey and J. E. Elliott.

Includes bibliographical references.

Contents: About economics and economists -- Unemployment, inflation, growth, and public policy -- Recession and unemployment -- Inflation -- Public policies for promoting full employment and price-level stability -- Economic growth and the environment -- The Modern corporatin, competition and monopoly and public policy: The Business firm and the business environment -- Prices, markets, and competition-- Public policy towards business -- The Public sector: The Economic role and functions of government -- Financing government activities -- War and the military-industrial complex -- Contemporary economic issues: Workers and unions -- Economics of race sex -- Poverty and income distribution -- Farm and city -- The Quality of life -- International trade and development: International trade and monetary and relations -- International growthmanship: Competing models for industrialization -- Foregin Aid and economic underdevelopment -- Comparative economic systems: Managed captalism and democratic socialism -- Contemporary communism: From central planning to workers' councils.