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"This book introduces readers to some of the salient features and problems of the world economy and gives some indication of the main ways in which economists set about the task of analyzing them. After a general account of what economies are and how they work, the book's discussion develops with reference to broad statistical facts in relation to the following issues : why the world economy is as we find it ; why productivity varies from one community to another ; how prices are formed ; how national economies have grown ; what determines an economy's occupational structure ; how local specialization comes about ; how the pattern of international trade has grown and changed and what the main sources of insecurity in economic life are."

"This book was written at the end of the thirties and its character conditioned by the experiences of that decade. When, in 1951, this book has been revised, some sections were added to “bring it up to date”. Contents : 1.The basic conditions of social wealth 2.The price system 3. The price system in a hypothetical handicraft economy 4. Money and the price system 5. Polulation 6. Wheat in the Canadian economy 7. Newsprint in the Canadian economy 8. Combines and public policy 9. The wage earner in modern industry10. Conclusion"