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1 Science and Economics 1

2 The Modern Banking System 13

3 A Free Port 25

4 The Market and the Public Interest 39

5 Comparative Advantage and Interdependence 53

6 On Foreign Trade 65

7 Transportation Operations 76

8 Advertising Media 89

9 Why Insurance Companies Exist 105

10 The Accumulation of Capital 121

11 Investment Demand 134

12 Japan's Economic Growth,1950—1970 149

13 The Differentiation of the Product 166

14 The Costs of Economic Growth 180

Key To Exercises 196

Vocabulary List 214