PART 1: Income Formation 1. The Concepts and Measures of National Income 2. The Determination of Equilibrium Income 3. Full-employment and Unemployment Equilibria 4. Inflationary and Deflationary Gaps (Appendix: A Note on ‘Cost-Push’ Inflation) PART 2: Income Fluctuation 5. The Simple-Multiplier Process 6. The Super-Multiplier Process 7. Public Finance and Income Fluctuation 8. Foreign Trade and Income Fluctuation PART 3: Income Growth 9. The Rationale of Growth Studies 10. The Basic Mechanism of Income Growth 11. Income Growth in Mixed Open Economies 12. Technology, Population and Full-Employment Growth 13. Towards Balanced Equilibrium Growth