J. E. Meade was among the most distinguished of modern economists, noted for his contributions to economic theory and policy. This volume presents a series of models of economic systems, each built on greatly simplified assumptions about human motives, technology, and social institutions, and undertakes in each case a series of exercises to examine the links of causal relationship in each case. The Stationary Economy is a rigorous and elegant non-mathematical statement of the basic principles and problems of contemporary economic theory. The volume is based on models of systems in which there...