1. CAN GOVERNMENT INFLUENCE BUSINESS STABILITY?
- Author
-
CLARK, JOHN D.
- Subjects
BUSINESS & economics ,GOVERNMENT policy ,POLITICAL planning ,LABOR laws ,ECONOMIC policy ,ECONOMIC stabilization - Abstract
This article explores the question of whether Government can influence business stability. The author considers the issue of political planning of production, employment, and distribution of income, outlined in Barbara Wootton's work "Plan or No Plan." The author argues that this sort of planning could be detrimental to business. The author addresses concerns about the U.S. Employment Act of 1946, which he claims will neither provide sound economic policy, nor serve the greater interests of business. The article follows the path of economic policy as it relates to business, the weaknesses of the 1946 legislation, and the role of the Council of Economic Advisors.
- Published
- 1947
- Full Text
- View/download PDF