Fiscal Policy and Business Cycles

Table of contents

• Title Page iii
• Contents v
• Introduction vii
• Part One - Toward an Understanding Of the Thirties xi
• Chapter I - The Thirties Viewed Against The Background Of Earlier Cycles 13
• Chapter II - Investment and Consumption, 1920-1939 48
• Chapter III - Monetary Policy in The Depression 66
• Chapter IV - Fiscal Policy in the Recovery 83
• Chapter V - Recovery in Great Britain 96
• Part Two - The Changing Role of Fiscal Policy 107
• Chapter VI - Fiscal Policy, New and Old 109
• Chapter VII - The Changing Character Of Governmental Expenditures 118
• Chapter VIII The Tax Structure 125
• Chapter IX - The Growth and Role Of Public Debt 135
• Chapter X - Budgetary Theory And Practice 186
• Part Three - Fiscal Policy and Full Use Of Resources 223
• Chapter XI - The Cyclical Consumption- Income Pattern 225
• Appendix: A Statistical Analysis of the Consumption Function 250
• Chapter XII - Pump-Priming and Compensa­ Tory Fiscal Policy 261
• Chapter XIII - Compensatory Tax Policy 289
• Chapter XIV - The Dynamic Versus The Circular Flow Economy 301
• Chapter XV - Price Flexibility and Full Employment of Resources 313
• Part Four - Investment Incentives Past and Present 339
• Chapter XVI - The Role of Investment In The Modern Economy 341
• Chapter XVII - Extensive and Intensive Expansion 349
• Chapter XVIII - Early Financing Methods 366
• Chapter XIX - The Effect of the Tax Structure On Investment 383
• Chapter XX - The Dual Economy 400
• Part Five - Defense and Its Aftermath 411
• Chapter XXI - Monetary and Fiscal Con­ Trols in Wartime 413
• Chapter XXII - Defense Financing 424
• Chapter XXIII - The Postdefense Slump 439
• Chapter XXIV - Fiscal Policy and Inter­- National Stability 449
• Index 457

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