Introduction - S. Estrin and A. Marin Part I: theory of consumer demand The law of consumer's demand - J. R. Hicks Part II: theory of the firm and supply The nature of the firm - R. H. Coase The concept of monopoly and the measurement of monopoly power - A. Lerner Monopoly and resource allocation - A. C. Harberger Strategic competition among the few - some recent developments in the economics of industry - J. Vickers Part III: general equilibrium and welfare The anatomy of market failure - F. Bator Diagrammatic exposition of a theory of public expenditure - P. A. Samuelson Part IV: economics of uncertainty and information The market for "lemons": quality uncertainty and the market mechanism - G. Akerlof Part V: inflation and unemployment How important is it to defeat inflation? The evidence - R. Bootle The role of monetary policy - M. Friedman Inflation and unemployment - J. Tobin Part VI: the nature of unemployment Unemployment policy - R. E. Lucas, Jr On theories of unemployment - R. M. Solow Efficiency wage models of unemployment - J. Yellen Part VII: the business cycle The state of long-term expectation - J. M. Keynes Understanding business cycles - R. E. Lucas, Jr Real business cycles: a new keynesian perspective - N. G. Mankin Part VII: control of macroeconomic fluctuations A monetary and fiscal framework for economic stability - M. Friedman Rational expectations and the theory of economy policy - T. J. Sargent and N. Wallace The monetarist controversy, or, should we forsake stabilization policies? - F. Modigliani