Modern Economics

A textbook for A level, degree and CNAA students, and those taking economics as part of their examinations in banking, company-secretaryship, accountancy, insurance, surveying, transport, hospital administration, business studies and commerce. This updated edition covers the development of economic theory and policy over the last five years and includes methods of allocating resources, the organization and scale of production, deciding on the most profitable output, labour and wages, cyclical fluctuations in income and employment, and the correction of a balance of payments disequilibrium. An ELBS/LPBB edition is available.