Contents: Welfare and the national dividend -- Desires and satisfaction -- The National dividend -- What is meant by maintaining capital intact -- Changes in the size of the national dividend -- The measurement of changes int he size of the national dividend -- Economic welfare and changes in the size of the national dividend -- Economic welfare and changes in the distribution of the national dividend -- The National dividend and the quality of the people -- Hindrances to equality of return due to relative variations of demand and productive resources in different occupations and places -- Divergences between marginal socila net product and marginal private net product and marginal private net product -- Marginal private and social net products in relation to industrial forms -- Increasing and decreasing supply price -- State regulation of competitive prices -- State regulation of supplies -- The Conditions of monopolisation -- Monopolistic competition -- Simple monopoly -- Discrimination monopoly -- The Special problem of railway rates --Purchases associations -- Interventionby public authorities -- Public control of monopoly -- Public operation of industries -- The National dividend and labour --The Distribution of national dividend.