This influential volume, which has been revised and updated for the twenty-first century, includes both new material and more detailed expositions of existing arguments. Although so-called 'real' theories of business cycles and growth are prevalent in contemporary mainstream economics,...

chapter 1 Money and alternative visions of capitalism -- chapter 2 Economics and politics -- chapter 3 Methodological issues in monetary economics -- chapter 4 The role of money in the economy -- chapter 5 The determination of interest rates -- chapter 6 A theory of profit -- chapter 7 A theory...

The classical argument for free trade stressed the possibilities of economic growth by exploiting the gains from trade. A trade surplus per se was not the main objective; presumably the argument was that trade would be balanced at the new higher growth rate. Moreover, the arguments for free trade...