ABSTRACT
Written during the Second World War against the background of the economic and political futility of the 1930s, this book deals with the changing role of government, and particularly fiscal policy as an instrument for regulating the national income and its distribution. Arguing that the war had an economic basis - the inability of the great industrial nations to provide full employment at rising standards of real income - the book discusses how the failure to achieve a world order in the political sphere must be sought in the facts of economic frustration.
TABLE OF CONTENTS
part One|95 pages
Toward an Understanding of The Thirties
chapter Chapter I|35 pages
The Thirties Viewed Against The Background of Earlier Cycles
chapter Chapter II|18 pages
Investment and Consumption, 1920–1939
chapter Chapter III|17 pages
Monetary Policy in The Depression
chapter Chapter IV|13 pages
Fiscal Policy in The Recovery
chapter Chapter V|10 pages
Recovery in Great Britain
part Two|116 pages
The Changing Role of Fiscal Policy
chapter Chapter VI|9 pages
Fiscal Policy, New and Old
chapter Chapter VII|7 pages
The Changing Character of Governmental Expenditures
chapter Chapter VIII|10 pages
The Tax Structure
chapter Chapter IX|51 pages
The Growth and Role of Public Debt
chapter Chapter X|37 pages
Budgetary Theory and Practice
part Three|116 pages
Fiscal Policy and Full Use of Resources
chapter Chapter XI|36 pages
The Cyclical Consumption-Income Pattern
chapter Chapter XII|28 pages
Pump-Priming and Compensatory Fiscal Policy
chapter Chapter XIII|12 pages
Compensatory Tax Policy
chapter Chapter XIV|12 pages
The Dynamic Versus The Circular Flow Economy
chapter Chapter XV|26 pages
Price Flexibility and Full Employment of Resources
part Four|72 pages
Investment Incentives Past and Present
chapter Chapter XVI|8 pages
The Role of Investment In The Modern Economy
chapter Chapter XVII|17 pages
Extensive and Intensive Expansion
chapter Chapter XVIII|17 pages
Early Financing Methods
chapter Chapter XIX|17 pages
The Effect of The Tax Structure on Investment
chapter Chapter XX|11 pages
The Dual Economy
part Five|46 pages
Defense and Its Aftermath