Principles of Economics

Contents: Preface. 1. Business profits and corporate management. 2. Personal utility and welfare. 3. Welfare economics. 4. Positive political economy. 5. Population and the supply of labour. 6. Conditions of demand. 7. Level of wages. 8. Overproduction, over investment and business cycles. 9. Principles of public policy. 10. Struggle over the history of the discipline. 11. Free market: Gap between reality and theory. 12. Fall of institutionalism and the rise of modern economics. 13. Rent and land tenure. 14. Gaining of monopoly. Bibliography. Index.

"The users of this book see the connection between growth, trade, comparative advantage, and the production possibilities frontier. When readers understand how a simple competitive market system works, they are ready to focus on problems of real-world markets. A comprehensive overview introducing economics begins the book; subsequent topics include: foundations of microeconomics: consumers and firms; market imperfection and the role of government; concepts and problems in macroeconomics; the goods and money markets; macroeconomic analysis. This book is beneficial for economists; this book also serves, as an understanding of basic economics and it prove helpful in all ventures." (jacket)