Includes bibliographical references (p. 569-613) and index.
Contents:
What is economics? -- pt. I. Prices and markets. The role of prices ; Price controls ; An overview --pt. II. Industry and commerce. The rise and fall of businesses ; The role of profits--and losses ; Big business and government ; An overview -- pt. III. Work and pay. Productivity and pay ; Controlled labor markets ; An overview -- pt. IV. Time and risk. Investment and speculation ; Risks and insurance ; An overview -- pt. V. The national economy. National output ; Money and the banking system ; Government functions; Government finance; An overview -- pt. VI. The international economy. International trade ; International transfers of wealth ; An overview-- pt. VII. Special economic issues. Myths about markets; "Non-economic" values ; Parting thoughts.
Summary:
An accessible, jargon-free resource outlines the principles behind each major type of economy including capitalist, socialist, and feudal, in terms of the incentives each creates.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.