Originally published in 1970 this textbook on applied economics focusses on those parts of theory which have specifically made a contribution to policy problems. The book provides a coherent treatment of the subject at a particular level the subject being the application of economic theory to government intervention in the economy. The first part deals with the techniques and size of such intervention and the accepted objectives. It also uses economic analysis to show that the goals of government policy will not be produced by a free-market mechanism and so the government is obliged to intervene in the economy once it has chosen particular policy aims. Part 2 analyses specific examples of intervention.
Part
1. 1. A Classification of Government Economic Intervention The
Current Structure of Government Expenditure,
2. The Aims of Government
Policy.
3. An Account Of The Conventional Theory of Resource Allocation in a
Market Economy
4. The Theoretical Basis of Economic Growth
5. An Account of
the Conventional Theory of National Income Determination Part
2. 6. Control
of the Economic Environment by Monetary, Fiscal, Physical and Exhortatory
Policy
7. Analytic Aids to Planning
8. Government Intervention by Ownership
of the Factors of Production
9. Government Intervention by the Provision of
Finance without the Exercise of Day-to-Day Control
10. Government
Intervention by Legislation: Monopolies and Restrictive Practices
11.
Government Intervention by Legislation: Location of Industry and Regional
Policy.
.
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