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A Note on This Edition | |
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The Central Economic Problem | |
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Why Are We Still So Poor? | |
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The Appeal of Science | |
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Economic Arguments | |
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The Rich | |
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Are the Rich Necessary?-No | |
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Are the Rich Necessary?-Yes | |
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The Rich in a Democracy | |
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Are the Rich Compatible with Democracy?-No | |
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Are the Rich Compatible with Democracy?-yes | |
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Profit-making | |
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Are Private Profits Necessary?-No | |
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Are Private Profits Necessary?-Yes | |
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Are Private Profits Necessary?-No/Yes | |
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Glaring Inequality | |
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Are There Alternatives to the Profit System?-yes/No | |
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Should We Accept This Degree of Inequality?-No/Yes | |
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Greed | |
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Does the Profit System Glorify Greed?-Yes | |
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Does the Profit System Glorify Greed?-Yes, and a Good Thing | |
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Does the Profit System Glorify Greed?-No | |
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Government | |
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Can Government Protect Us from the Excesses of the Profit System?-Yes | |
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Can Government Protect Us from the Excesses of the Profit System?-No | |
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Profit-making and Depressions | |
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Does the Profit System Cause Depressions?-Yes/No | |
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Central Banks | |
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Can Central Banks Protect Us from Depressions and Lead the Economy?-Yes | |
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Can Central Banks Protect Us from Depressions and Lead the Economy?-No | |
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The Global Profit System | |
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Does Global Free Trade Destroy Jobs?-Yes | |
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Does Global Free Trade Destroy Jobs?-No | |
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Four Economic Value Systems | |
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Competing Economic Value Systems | |
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Reconciling Opposing Viewpoints | |
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Expanding the Nonprofit Sector | |
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Appendices | |
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What Is a "Fair" Price? | |
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What Exactly Are Profits? | |
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What Makes Prices Unstable? | |
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The "Austrian" Theory of Economic Instability | |
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Did the US Congress Trigger the Stock Market Bubble of the Late 1990s? | |
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Other (Non-monetary) Theories of the Business Cycle | |
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The US Federal Reserve System | |
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Global Monetary Systems and Institutions | |
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Summary Outline of Are the Rich Necessary? | |
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Notes | |
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Index | |