Harry G. Johnson, who died in 1977, was an economist, polemicist, and the author and editor of fifty-two books, including Money, Trade and Economic Growth and The Monetary Approach to the Balance of Payments.

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William Watson teaches economics at McGill University.

Introduction to the Carleton Library Series Edition William Watson vii
Preface to the Carleton Library Edition, 1977 lvii
Preface to the 1964 Edition lxv
Introduction to the 1964 Edition lxix

PART ONE PROSPECTS, PROBLEMS, AND PLANNING
1 Canada’s Economic Prospects 3
2 Problems of Canadian Nationalism 11
3 Canada in a Changing World 21
4 Planning and the Objectives of a Free Enterprise Economy 32
5 Economic Growth and Economic Policy 45

PART TWO CANADIAN COMMERCIAL POLICY
6 Canada’s Foreign Trade Problems 67
7 The Emergence of Regional Free Trade Areas 77
8 External Economic Policy (i) 93
9 External Economic Policy (ii) 111
10 Canadian-American Integration in Face of a Changing World Economy 120
11 The Bladen Plan for Increased Protection of the Canadian Automotive Industry 129

PART THREE MONETARY POLICY
12 Lags in the Effects of Monetary Policy in Canada 165
13 Alternative Guiding Principles for the Use of Monetary Policy 183

PART FOUR THE ECONOMICS OF OPULENCE
14 Towards a Generalized Capital Accumulation Approach to Economic Development 221
15 The Political Economy of Opulence 231
16 The Social Policy of an Opulent Society 247
17 Advertising in Today’s Economy 263
18 Apologia for Ad Men 279

PART FIVE THE WORLD CONTEXT
19 International Liquidity - Problems and Plans 291
20 The Overvaluation of the Dollar 317
21 Where Is the World Going? 331