Part I: The problem - 1. The economic steering wheel -- 2. The meaning of full employment -- 3. The importance of full employment - Part II: The solution - 4. Employment and spending -- 5. Spending, consumption, and income -- 6. Investment -- 7. Interest -- 8. Functional finance - Part III: The resistances - 9. The upside-down economy -- 10. Resistance by capitalists -- 11. Resistance by anticapitalists -- 12. Other resistances - Part IV: Full employment and inflation - 13. High full employment and low full employment -- 14. A wage policy for full employment -- 15. Some clarifications of the wage policy -- 16. Wage policy — effects and problems - Part V: A closer view of functional finance - 17. Is saving good or bad? -- 18. The national debt -- 19. Functional finance and socialism -- 20. The business cycle - Part VI: International aspects - 21. International trade and capital movements -- 22. International currency

"I was expected to write a book devoted to attacking the evil of unemployment or to write a book indicating how one could achieve the desirable state of full employment. I think I have done both of these things, but neither can be done properly if primary attention is directed at what we want to avoid or what we want to achieve. Primary attention must be directed at understanding and explaining the way things work... The primary concern of this book is, therefore, to provide an understanding of what makes employment high or low. I think I have done this in nontechnical language so that any intelligent person who is willing to pay a little attention can understand it. No previous study of economics is necessary." -- From the Preface

From the library of Karl & Elizabeth Niebyl.