Includes index

Contents: I: The Foundations of economic analysis: Economics and economic welfare: -- Production, distribution, and welfare -- Supply and demand: the bare elements -- The Market economy and comparative economic organization -- Measuring production: the national income accounting system and input-output economics -- The Public sector and economic welfare -- Financing the public sector: taxation -- II: The Level of economic activity and public policy: Economic growth and instability: the historical record and national goals -- The Monetary system and the level of economic activity -- The Federal reserve and monetary policy -- Total demand and the level of economic activity -- Total demand, unemployment, and inflation -- Fiscal policies for stabilization and growth -- Monetary and fiscal policies: past, present, and future -- Government financial accounting and the economic of public debt -- III: Markets, the composition and distribution of output, and public policy: Supply and demand analysis: some extensions -- Markets,the composition and distribution of output, and public policy: Supply and demand analysis: some extensions -- Market structures,cost and supply -- Perfect competition, market imperfections, and economic welfare -- Regulation of business: the ambivalent role of government -- The Agricultural economy