Stability without Planning? The American Experience

Evsey D. Domar and Jeremy J. Siegel
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Jeremy J. Siegel: Massachusetts Institute of Technology

Chapter 3 in Planning and Market Relations, 1971, pp 47-63 from Palgrave Macmillan

Abstract: Abstract On being assigned the topic of ‘Stability ’ we first thought of surveying the experience of several Western countries with different planning methods. But our limited space made this task impossible, and the discovery of Professor Lundberg ’s recent book — unnecessary.2 As loyal followers of the Principle of Comparative Advantage, we decided to concentrate our resources on what we could do best and to limit our survey to the American experience. We trust that to a Conference devoted to comprehensive planning the contrast provided by the minimal planning in the United States will be of some interest.

Keywords: Monetary Policy; Fiscal Policy; Federal Reserve; Money Supply; Economic Adviser (search for similar items in EconPapers)
Date: 1971
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-15410-4_4

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DOI: 10.1007/978-1-349-15410-4_4

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