Part I. Introductory and descriptive : Economic problems and economic progress -- Some basic economic concepts -- Economic decisions under laissez-faire, a mixed economy, and socialism -- The scale and location of production -- The organization of business -- The rise of labor unions: Social legislation of the 1930's -- The nature of money -- The supply of money -- The demand for money -- The control of money -- Part II. Value and distribution : Demand and price -- Problems of the firm -- Problems of production: Physical input and physical output -- Problems of production: Money costs and money returns -- Monopoly and competition: I -- Monopoly and competition: II -- The government and monopoly -- Distribution -- Wages: Collective bargaining -- Rents -- Interest rates -- Profits -- Distribution of income in the United States -- Taxation -- Part III. Income and employment : The national income -- Fluctuations in the real national income: The problem of index numbers -- Production and employment -- Production and prices -- The cost of unfmployment and the aim of full employment -- What causes changes in employment? -- The sources of expenditure -- Fluctuations in production and employment -- Some doubtful analyses and proposals -- Basic problems of employment -- The encouragement of private expenditure for output -- Fiscal policy -- The price level; Inflation -- Part IV. International economics : The mechanics of international trade -- Aspects of international economics and issues of policy -- Part V. Economic systems; Economic evolution : Economic systems; economic evolution

1. Economics