In addition, a quantitative evaluation is made for the US economy of monetary and fiscal policies as short-run measures for achieving full employment; the effectiveness of built-in flexibility of taxes in the UK economy is discussed; and estimates are made of the rapid decrease in disguised unemployment in Japan after the war.

Preface
Part I. A Dynamic Analysis of the American Economy, 1902-1952 M. Morishima and M. Saito: 1. Introduction
2. The structural model
3. Short-run properties of the model
4. Long-run properties of the model
Part II. Input-Output Analysis of the Effectiveness of Fiscal Policies for the United Kingdom, 1954 M. Morishima and T. Nosse: 1. Introduction
2. An interindustrial model with endogenous consumption
3. Impact multipliers and efficient budget of the government
4. Generation of income through reduction of taxes
Part III. A General Equilibrium Analysis of Prices and Outputs in Japan, 1953-1965 M. Saito: 1. Introduction
2. Theoretical model
3. The estimation of the model
4. Comparative statics of general equilibrium
5. A factor analysis of price and output changes
Part IV. An Input-Output Analysis of Disguised Unemployment in Japan, 1951-1965 M. Morishima and Y. Murata: 1. Introduction
2. Disguised unemployment in a re-interpreted input-output model
3. Data and estimates of the parameters
4. Factor analysis of disguised unemployment
Appendix: an estimation of international trade multiplier, 1954-1965 M. Morishima and Y. Murata
Bibliography
Index.