Principles of Economics

Raymond T. Bye

• CONTENTS:
• Preface.
• Part I. INDUSTRY AND ITS PRODUCTS
• 1. Economics - The Study of Industry
• 2. Production, Income, Wealth, and Capital.
• Part II. THE ORGANIZATION OF PRODUCTION
• 3. Specialization, Exchange, Competition, and Cooperation
• 4. Saving and Investment
• 5. Diminishing Returns and Population Growth
• APPENDIX: Further Consideration of Diminishing Productivity
• 6. The Organization of Business Enterprise
• 7. The Scale of Business Operations
• 8. Risk, Insurance, and Speculation.
• Part III. MONEY
• 9. Money and Monetary Standards
• 10. Banking
• 11. The Federal Reserve System
• 12. The Fluctuating Price Level.
• APPENDIX: Alternative Equations of Exchange.
• Part IV. THE AGGREGATE OF ECONOMIC ACTIVITY
• 13. National Income
• APPENDIX: Some Problems of National Income Accounting
• 14. The Level of Income and Employment
• 15. General Economic Fluctuations
• 16. Secular Growth and Change.
• Part V. THE PRICE SYSTEM
• 17. A First Look at the Pricing Process
• 18. Consumers' Demand.
• APPENDIX: The Indiference Theory
• 19. Costs of Production
• APPENDIX: Costs for a Firm Further Considered
• 20. Monopolistic Prices
• APPENDIX: Oligopoly Prices and Class Price
• 21. Prices in Pure Competition
• APPENDIX: Mutually Related Prices
• 22. The Price System as a Whole.
• Part VI. DISTRIBUTION
• 23. The Distribution of Income Among Factor Suppliers
• 24. Competitive Wages
• 25. Non-Competitive Wages, Collective, Bargaining, and Wage Problems
• 26. Interest APPENDIX: The Functions of Interest
• 27. Rents APPENDIX: Some Niceties of Rent Theory
• 28. Profits
• 29. Personal Incomes and the Problem of Inequality.
• Part VII. INTERNATIONAL ECONOMIC RELATIONS
• 30. The Mechanism of International Trade
• 31. The Economy of International Trade.
• APPENDIX: Absolute and Comparative Advantages. Diagrams for the Terms of Trade.
• 32. International Investment
• 33. Economic Development.
• Part VIII. TYPES OF ECONOMIC SYSTEMS
• 34. Capitalism and Its Alternatives.
• Index.