Economics : mainstream readings and radical critiques / edited by David Mermelstein, Polytechnic Institute of Brooklyn

1. An introduction to political economy, a. Capitalist institutions and contemporary economics: an overview : What is capitalism? / 1. Maurice Dobb -- What is economics? / 2. Gary Becker -- Is economics obsolete? No, underemployed / 3. Charles L. Schultze -- Toward a critique of economics / 4. Paul Sweezy. b. A new industrial state : The new industrial state or son of affluence / 5. Robert M. Solow -- Galbraith as ideologue of the status quo / 6. Robert Fitch -- A reply to critics / 7. John Kenneth Galbraith -- The newest Nixon looks Galbraithian / 8. Businessweek -- Japans' Galbraithian economy / 9. Martin Bronfenbrenner .

2. Issues in micro- and macroeconomics, a. Monopoly and the corporate welfare state : The economic structure of American capitalism / 10. James O'Connor -- The two faces of economic concentration / 11. M. A. Adelman -- G. M. in trouble: the Vega plant at Lordstown / 12. Emma Rothschild -- The high cost of monopoly / 13. Mark J. Green -- America inc.: a review / 14. Robert C. Townsend -- The control of the United States oil market / 15. Andrew Shonfield -- Do businessmen hate government? / 16. G. William Domhoff. b. The consumer in corporate America — Sovereign or subject? : A citizen's guide to the American economy / 17. Ralph Nader -- The real cost of producing an automobile / 18. Paul Baran and Paul Sweezy -- "Consumerism" and women / 19. Ellen Willis -- The non sequitur of the dependence effect / 20. Friedrich A. Hayek -- A Marxist view of consumer sovereignty / 21. Paul Baran. c. Macroeconomics in transition : Living with inflation: a liberal perspective, on the eve of Nixon's new economic policy / 22. James Tobin and Leonard Ross -- The new economic policy: a presidential report / 23. Council of Economic Advisers -- A preliminary verdict / 24. Newsweek — Paul Samuelson and Milton Friedman -- Nixon's economic policy: class war in America / 25. James O'Connor -- The end of U.S. hegemony / 26. Paul Sweezy and Harry Magdoff -- Depression ahead / 27. Michael Tanzer. d. The military-industrial complex : The military-industrial complex / 28. Dwight D. Eisenhower -- Defense expenditure and prosperity: an important digression / 29. Paul A. Samuelson -- Capitalism and the "military-industrial complex": the obstacles to "conversion" / 30. Michael Reich and David Finkelhor -- Capitalism and the military-industrial complex: a comment / 31. Richard England. e. Political economy in the world arena : Reflections on imperialism / 32. Kenneth E. Boulding -- Modern imperialism: the view from the metropolis / 33. Richard D. Wolff -- The third world / 34. Joan Robinson -- Capitalism, underdevelopment and the future of the poor countries / 35. Thomas E. Weisskopf -- The United Fruit Company / 36. Pablo Neruda.

3. Income, wealth, and power, a. Income distribution — who gets what and why : The distribution of income / 37. Milton Friedman -- Income distribution in the United States / 38. Frank Ackerman, Howard Birnbaum, James Wetzler, and Andrew Zimbalist -- How 381 super-rich Americans managed not to pay a cent in taxes last year / 39. Philip Stern -- On taxing and redistributing income / 40. Wassily Leontief and George McGovern -- Some arithmetic on the McGovern economic policies / 41. James Tobin -- Looking at poverty from a radical perspective / 42. Howard M. Wachtel -- The welfare problem / 43. Herb J. Gans -- The economics of crime prevention / 44. Douglass C. North and Roger Leroy Miller -- Class and the economics of crime / 45. David M. Gordon -- The politics of education / 46. Herb Gintis. b. The political economy of black America : Can racial discrimination be ended under capitalism? / 47. Barbara Bergmann -- Employee tastes for discrimination, wages, and profits / 48. Morris Silver -- The structure of racial discrimination / 49. Raymond Franklin and Solomon Resnick -- Black capitalism / 50. Earl Ofari. c. Sexism and the family : The economics of women's liberation / 51. Barbara R. Bergmann -- The economic exploitation of women / 52. Marilyn Power Goldberg -- Monogamy and the subjugation of women / 53. Eleanor Leacock -- The second sex in academe / 54. Ann Sutherland Harris.

4. American capitalism at the crossroads, a. Economic growth and ecological constraints : Limits to growth / 55. Club of Rome -- Don't knock the $2-trillion economy / 56. Peter Passell and Leonard Ross -- Economic growth and ecology — An economist's view / 57. Walter W. Heller -- The economic meaning of ecology / 58. Barry Commoner -- Economic incentives in air-pollution control / 59. Edwin S. Mills -- Ecology and class conflict / 60. Richard England and Barry Bluestone -- Next big industry: environmental improvement / 61. James Brian Quinn. b. Toward a socialist alternative : Capitalism versus socialism / 62. Thomas Sowell -- Toward a program of studies of the transition to socialism / 63. Paul M. Sweezy -- Conversations with Allende / 64. Regis Debray -- Maoist economic development / 65. John G. Gurley -- Workers' control: vision of a new social order / 66. John Case -- How business can rescue capitalism / 67. Henry C. Wallich -- Man and socialism in Cuba / 68. Che Guevara -- A future that makes ecological sense / 69. Garrett De Bell.

"In general, I am suggesting that contemporary economic texts do not make any serious effort to raise the relevant questions (not to speak of providing answers) concerning the fundamental nature of our society... The readings in this volume attempt to redress this imbalance. The editor is guided by the view that 'pure' economic analysis, which divorces its subject from its political context, does not merely perpetrate an unfortunate omission but rather a distortion of major proportions. While relevant readings of many political orientations have been included in this book, the majority have been deliberately chosen for their ability to provoke thought and challenge orthodoxy." -- From the preface to the first edition.

Donation from Karl and Elizabeth Niebyl.