Income and Employment

Income and Employment

Income and Employment

Income and Employment

Excerpt

This book is an essay in aggregative economics, with theory tied close to data of the United States. The subject matter falls naturally into three divisions: the measurement of income, production, employment, and average prices; the trend and determinants of production and productivity; and influences on and policies toward the level of employment.

I am grateful for effective criticism and encouragement from Professors W. L. Crum, John T. Dunlop, Gottfried Haberler, George N. Halm, Alvin H. Hansen, Wassily Leontief, Joseph A. Schumpeter, and Sumner H. Slichter. Each of them has on occasion given his time and attention to special problems as they arose. I am also indebted to Dr. Andreas Papandreou for useful discussions. Chapter XIII has been improved by the criticisms of Mr. John Greene and Dr. David Easton. Mr. Harlan Smith read the whole manuscript with scrupulous care; many a page has benefited from his comments. Dr. George Jászi and Professor A. G. Hart also read the entire manuscript, and influenced its development. I am deeply indebted to Professor Hart, who went over it at two stages. The final draft gives evidence of his thought and stimulus in both content and style. Professor H. H. Burbank has my sincere thanks for useful suggestions and for an arrangement of my teaching schedule which gave me time to work on the book when I most needed it. Finally, I am indebted to my brother Donald for having turned my thoughts toward the general field in which this book lies.

T. M.

CAMBRIDGE, MASS.

JUNE 9, 1947 . . .

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