Chapter 2. The Prospects for 1960

Anonymous

National Institute Economic Review, 1960, vol. 7, 23-31

Abstract: Demand and output continue to rise. The problem is whether the rise in total demand—or in demand for particular types of goods—will be too large or too small in relation to the productive capacity of the economy. As the last chapter shows, the reserves of idle capacity and of labour are rather smaller than they were. There is certainly still scope for further expansion: capacity grows all the time. But the pace at which demand grows and the pattern of its growth must now be more carefully controlled.

Date: 1960
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