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| Preface | |
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| List of Figures | |
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| Sources of Economic Information | |
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| Political Economy | |
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| Capitalism Shakes the World | |
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| The Permanent Technological Revolution | |
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| The Enrichment of Material Life | |
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| Growing Inequality | |
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| The Population Explosion and the Growth of Cities | |
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| The Changing Nature of Work | |
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| The Transformation of the Family | |
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| Threats to the Ecosystem | |
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| New Roles for Government | |
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| Globalization | |
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| Conclusion | |
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| People, Preferences, and Society | |
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| Constraints, Preferences, and Beliefs | |
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| 'Economic Man' Reconsidered | |
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| Human Nature and Cultural Differences | |
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| The Economy Produces People | |
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| Conclusion: The Cooperative Species | |
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| A Three-Dimensional Approach to Economics | |
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| Economic Systems and Capitalism | |
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| Three-Dimensional Economics | |
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| Neoclassical Economics | |
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| Values in Political Economy | |
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| Political Economy, Past and Present | |
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| Adam Smith | |
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| Karl Marx | |
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| Joseph Schumpeter | |
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| John Maynard Keynes | |
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| Ronald Coase | |
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| Amartya Sen | |
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| The Surplus Product: Conflict and Change | |
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| Economic Interdependence, Production, and Reproduction | |
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| The Surplus Product | |
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| A Grain Model of Production and Reproduction | |
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| International Exchange and the Surplus Product | |
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| The Surplus Product and Conflict | |
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| The Surplus Product and Change | |
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| Capitalism as an Economic System | |
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| Class and Class Relationships | |
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| Classes and Economic Systems | |
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| Capitalism | |
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| Capitalism, the Surplus Product, and Profits | |
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| Conclusion | |
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| American Capitalism: Accumulation and Change | |
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| Accumulation as a Source of Change | |
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| Capitalism Becomes the Dominant Economic System in the United States | |
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| Social Structures of Accumulation | |
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| The Stages of American Capitalism | |
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| American Capitalism Today: Economic Dualism | |
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| American Capitalism Today: Globalism | |
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| Microeconomics | |
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| Supply and Demand: How Markets Work | |
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| The Nature of Markets | |
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| Supply and Demand | |
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| Supply and Demand Interacting | |
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| Shifts in Demand or Supply | |
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| Conclusion | |
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| Competition and Coordination: The Invisible Hand | |
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| Coordination | |
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| Coordination by Rules and by Command | |
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| The Invisible Hand | |
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| The Invisible Hand in Action | |
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| Problems with the Invisible Hand | |
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| Capitalist Production and Profits | |
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| What Are Profits? | |
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| Calculating the Rate of Profit | |
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| The Determinants of the Profit Rate | |
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| The Rate of Profit per Worker Hour | |
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| The Labor Determinants of the Profit Rate | |
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| Materials and Capital Goods as Profit Rate Determinants | |
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| The Role of Capital Goods (Again) | |
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| Conclusion: Understanding the Profit Rate | |
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| Competition and Concentration | |
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| Competition for Profits | |
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| The Forms of Competition | |
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| Investing to Compete | |
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| The Dynamics of Competition | |
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| Toward Equal Profit Rates? | |
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| Toward Economic Concentration? | |
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| Wages and Work | |
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| Work, Sloth, and Social Organization | |
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| The Capitalist Firm As a Command Economy | |
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| The Conflict Between Workers and Employers | |
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| Labor Discipline: Carrots and Sticks | |
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| The Labor Market, the Wage, and the Intensity of Labor | |
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| Technology, Control, and Conflict in the Workplace | |
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| The Social Organization of the Workplace | |
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| Technology and the Labor Process | |
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| Conflict in the Workplace | |
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| Profitability Versus Efficiency | |
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| Markets and Hierarchies | |
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| Democratic Firms | |
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| Macroeconomics | |
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| The Mosaic of Inequality | |
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| Measuring Well-Being and Inequality | |
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| Growing Inequality | |
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| Wealth Inequality | |
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| Unequal Chances | |
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| Race and Inequality | |
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| Women's Work, Women's Wages | |
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| Conclusion: Explaining the Mosaic of Inequality | |
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| Progress and Poverty on a World Scale | |
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| Poverty and Progress | |
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| Productivity and Income | |
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| Productivity, Incentives, and the Surplus Product | |
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| Capitalism and Uneven Development | |
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| Government and the Development Process | |
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| Investment and Production on a World Scale | |
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| Conclusion | |
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| Aggregate Demand, Employment, and Unemployment | |
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| Aggregate Supply and Aggregate Demand | |
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| Unemployment and Government Fiscal Policy | |
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| The Business Cycle and the Built-in Stabilizers | |
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| Investment, Aggregate Demand, and Monetary Policy | |
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| Wages, Aggregate Demand, and Unemployment | |
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| Conclusion | |
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| The Dilemmas of Macroeconomic Policy | |
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| The High-Employment Profit Squeeze | |
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| Exports, Imports and Aggregate Demand | |
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| International Trade and Macroeconomic Policy | |
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| Monetary and Fiscal Policy at Odds | |
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| Institutions for Achieving Full Employment | |
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| Conclusion | |
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| Inflation | |
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| Two Types of Inflation | |
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| Why Worry About Inflation? | |
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| Conclusion | |
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| Government and the Economy | |
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| The Rules of Government Organization | |
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| The Economic Activities of the Government | |
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| The Expansion of Government Economic Activity | |
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| Government and the Profit Rate | |
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| The Limits of Democratic Control of the Capitalist Economy | |
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| Conclusion | |
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| The Future of Capitalism | |
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| The Limits to Growth | |
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| The Weightless Economy: From Grain and Steel to Information and Ideas | |
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| The New Economy | |
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| Can the Invisible Hand Tame Fugitive Resources? | |
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| Conclusion | |
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| List of Variables | |
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| Glossary | |
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| Index | |