Readings in economics / edited by Paul A. Samuelson, Robert L. Bishop, John R. Coleman.

Preface, v -- 1. The economic framework: concepts and institutions, 1 -- A. Introduction, 1 -- 1. The study of economics / Ben W. Lewis, 1 -- 2. Facts and Theory in Economics / Sir Henry Clay, 8 -- B. Population problems, 11 -- 3. Population growth and poverty / Thomas Robert Malthus, 11 -- 4. Birth rates and mankind's resources / Morton Clurman, 19 -- 5. Population changes and prospects, economic report of the president, january, 1957, 29 -- C. Pricing and capitalist enterprise, 44 -- 6. Free Private Enterprise / Sumner H. Slichter, 44 -- 7. Capital and Roundabout Production / Eugen von Böhm-Bawerk, 56 -- D. The modern corporation, 60 -- 8. Raising venture capital: case study of Lithomat Corporation / J. Keith Butters and John Lintner, 60 -- 9. A stockholders' meeting, Standard Oil Company (N.J.), 70 -- E. American labor, 81 -- 10. The American labor movement, fortune, 81 -- F. Government expenditure and taxation, 92 -- 11. The functions of government / John Stuart Mill, 92 -- G. Social security, 95 -- 12. The American philosophy of social insurance / J. Douglas Brown, 95 -- II. Stabilization of income and prices, 105 -- 13. Spending and Employment / Frederic Bastiat, 105 -- 14. Economics and politics of money / G.L. Bach, 105 -- 15. The problem of inflation / Arthur F. Burns, 123 -- 16. Alternative views of the inflation problem / Sumner H. Slichter, 132 -- 17. Winning the battle against inflation / William McChesney Martin, Jr., 140 -- 18. Basic inquiry into a baffling inflation / Edwin L. Dale, Jr, 150 -- III. Problems in particular markets, 158 -- A. Agriculture, 158 -- 19. America's biggest farm surplus-too many farmers / William H. Nicholls, 158 -- B. Speculative markets, 169 -- 20. The bull market and the crash of '29 / Frederick Lewis Allen, 169 -- IV. Industrial organization and pricing, 184 -- A. Industry case studies, 184 -- 21. Supply and demand on broadway / Hobe Morrison, 184 -- 22. The economics of the shoe industry / George P. Shultz, 189 -- 23. Steel: competition or monopoly? congressional hearings, 202 -- B. Problems of antitrust policy, 215 -- 24. Antitrust: then and now, david f. cavers, 215 -- 25. The Sherman Act and "workable" competition / John McDonald, 227 -- 26. Restrictionism and incentives in Great Britain / Machinery and Allied Products Institute, 235 -- 27. The case for bigness in business / Sumner H. Slichter, 240 -- 28. The case against bigness in business / George J. Stigler, 246 -- 29, Capitalism and economic progress, Joseph A. Schumpeter, 254 -- V. Distribution of income among productive factors, 264 -- A. Land, 264 -- 30. On Rent / David Ricardo, 264 -- 31. Progress and Poverty / Henry George, 267 -- B. Labor, 271 -- 32. Monopolistic wage determination / Fritz Machlup, 271 -- 33. Collective bargaining and common sense / Arthur M. Ross, 278 -- 34. A management view of wage setting / Leland Hazard, 291 -- C. Enterprise, 300 -- 35. Profits-the spark of the enterprise system / , Beardsley Ruml, 300 -- 36. A union view on profits / Nelson H. Cruikshank, 305 -- VI. International economics, 308 -- 37. Restraints on foreign imports / Adam Smith, 308 -- 38. Comparative advantage in practice / G. D. A. MacDougall, 316 -- 39. Petition of the candle manufacturers-1845 / Frederic Bastiat, 319 -- 40. Petition of the Candle Manufacturers-1951 / Congressional Hearings, 322 -- 41. Two Industry pleas for protection: fish and dishes, congressional hearings, 324 -- VII. Contemporary economic problems, 329 -- A. Automation and atomic energy, 329 -- 42. Automation: A new dimension to old problems / George P. Shultz and George B. Baldwin, 329 -- 43. Atomic energy: its present and future / Edward Teller, 339 -- B. Economic development, 347 -- -- 44. India's second five year plan for economic growth, planning commission, government of India, 347 -- 45. Growing pains in the second five year plan, Bhabatosh Datta, 368 -- 46. American assistance to the underdeveloped economies, committee for economic development, 379 -- VIII. Comparative economic systems and philosophies, 393 -- A. Communism and socialism, 393 -- 47. The communist manifesto / Karl Marx and Friedrich Engels, 393 -- 48. Marxian economics-a survey / Robert L. Heilbroner, 403 -- 49. Socialism versus capitalism / A. C. Pigou, 419 -- B. Problems of capitalism, 426 -- 50. Progress versus stability / David McCord Wright, 426 -- 51. Keynesian theory in relation to classical theory / , John Maynard Keynes, 432 -- 52. Conservative economic policy / Henry C. Wallich, 437 -- 53. Standards and values in a rich society / Alvin H. Hansen, 446 -- 54. The transformation of American capitalism, fortune, 459 -- Author index, 473.