Economy policy : readings in political economy / edited and preface by William D. Grampp and Emanuel T. Weiler ; Arthur F. Burns, Richard A. Musgrave, O.H. Brownlee, J.K. Galbraith, Arthur Smithies, J.M. Clark, James S. Duesenberry, Joseph A. Schumpeter, Harold M. Levinson, Otto Eckstein, Henry C. Simons, Edward S. Mason, Robert J. Lampman, Frank H. Knight, Allan G.B. Fisher, Theodore W. Schultz, William Diebold, Robert Triffin, H.W. Singer, Ragnar Nurkse, Douglas Hague, H.D. Dickinson, R.A.S. Crosland, Paul A. Baran, Oskar Lange and P.J.D. Wiles.

Part 1. Stability and growth, 3 -- Editorial introduction: the problem of stability and growth, 3 -- Structural changes moderating the cycle -- 1. Progress toward economic stability / by Arthur F. Burns, 5 -- Discretionary policy for stability and growth -- 2. The optimal mix of stabilization policies / by Richard A. Musgrave, 24 -- Non-discretionary policy for stability and growth -- 3. An economic policy for economic growth and stability / by O. H. Brownlee, 40 -- Anti-competitive effects of stabilization policy -- 4. Market structure and stabilization policy / by J.K. Galbraith, 50 -- The balanced budget re-examined -- 5. The balanced budget / by Arthur Smithies, 62 -- Editorial summary: measures for stability and growth, 71 -- Part 2. Market power, 79 -- Editorial introduction: the problem of market power, 79 -- The meaning and limits of competition -- 6. Competition and the objectives of government policy / by J.M. Clark, 81 -- Market power, growth, and price stability -- 7. Statement / by James S. Duesenberry, 98 -- Monopoly, Innovation, and Competition -- 8. The process of creative destruction / by Joseph A. Schumpeter, 110 -- Alternative policies for market power -- 9. Public policy and market power / by Harold M. Levinson and Otto Eckstein, 115 -- The monopoly power of unions -- 10. Some reflections on syndicalism / by Henry C. Simons, 126 -- The nature and limits of union power -- 11. Labor monopoly and all that / by Edward S. Mason, 146 -- Editorial summary: the control of market power, 165 -- Part 3. Inequality, 175 -- Editorial introduction: the problem of inequality, 175 -- The facts of inequality -- 12. The distribution of income in the united states, 1959 / by Emanuel T. Weiler, 177 -- Poverty and growth -- 13. The future of the low income problem / by Robert J. Lampman, 191 -- Power, income, and freedom -- 14. The determination of just wages / by Frank H. Knight, 202 -- Radical versus direct redistribution -- 15. Alternative techniques for promoting equality in a capitalist society / by Allan G.B. Fisher, 226 -- Human capital, distribution, and growth -- 16. Investment in human capital / by Theodore W. Schultz, 236 -- Editorial summary: inequality and its remedies, 253 -- Part 4. Trade and development, 261 -- Editorial introduction: the Problems of Trade and development, 261 -- America's Prospects in the world economy -- 17. Statement / by William Diebold, Jr., 263 -- The balance of payments problem and a solution -- 18. The international monetary position of the United States / by Robert Triffin, 279 -- The dilemmas of undeveloped countries -- 19. Economic progress in under-developed countries / by H.W. Singer, 293 -- Growth versus specialization -- 20. The conflict between "balanced growth" and international specialization / by Ragnar Nurkse, 301 -- Growth via specialization -- 21. Stability and progress: the poorer countries' problem / by Jacob Viner, 316 -- Editorial summary: policies for trade and development, 331 -- Part 5. The planned economy, 341 -- Editorial introduction: planning and policy, 341 -- The policy of democratic socialism -- 22. The economics of socialism: introductory / by H.D. Dickinson, 343 -- The nationalization issue -- 23. The economics of nationalization / by R.A.S. Crosland, 361 -- The historic guides to communist planning -- 24. National economic planning: the soviet experience / by Paul A. Baran, 373 -- The new forms of communist planning -- 25. The role of planning in socialist economy by Oskar Lange, 388 -- A policy for confronting communism -- 26. What is to be done about the success of soviet industry? / by P.J.D. Wiles, 401 -- Editorial summary: planning as a form of policy, 409.