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Title: Resources and economic growth: the American future--other voices. [Debate of economist, Federal Reserve governor, and political scientist]

Abstract

Excerpts of essays by Walt W. Rostow, Henry C. Wallich, and Eugene B. Skolnikoff present a range of views on the extent to which politics is a barrier to world agreement on future economic growth. Rostow considers the desires of developing countries for food, energy, and raw materials to be the central problem in reaching a global environmental equilibrium based on cooperation. He advocates joint discussions where industrialized and developing countries can review together the facts and agree on a mutually satisfactory effort. Wallich views growth limits as unlikely and unworkable whatever their merits because predictions, historically imprecise, are generally unheeded. He sees the proper action for economists as the development of adjustment mechanisms to allow appropriate market responses and to make whatever growth occurs safer. Skolnikoff views recent world political fragmentation as a threat to cooperation and recommends a controlled marketplace to counteract this trend by better serving immediate social goals. (DCK)

Authors:
; ;
OSTI Identifier:
5174407
Resource Type:
Journal Article
Journal Name:
Wilson Q.; (United States)
Additional Journal Information:
Journal Volume: 1:1
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; ECONOMIC GROWTH; ENERGY SOURCES; RESOURCES; ECONOMIC IMPACT; ECONOMIC POLICY; ECONOMICS; ENERGY DEMAND; FOOD; FORECASTING; FOREIGN POLICY; INTERNATIONAL AGREEMENTS; INTERNATIONAL COOPERATION; MARKET; PLANNING; RECOMMENDATIONS; REGULATIONS; SOCIAL IMPACT; SOCIO-ECONOMIC FACTORS; TRADE; AGREEMENTS; GOVERNMENT POLICIES; 290400* - Energy Planning & Policy- Energy Resources; 290200 - Energy Planning & Policy- Economics & Sociology

Citation Formats

Rostow, W W, Wallich, H C, and Skolnikoff, E B. Resources and economic growth: the American future--other voices. [Debate of economist, Federal Reserve governor, and political scientist]. United States: N. p., Web.
Rostow, W W, Wallich, H C, & Skolnikoff, E B. Resources and economic growth: the American future--other voices. [Debate of economist, Federal Reserve governor, and political scientist]. United States.
Rostow, W W, Wallich, H C, and Skolnikoff, E B. . "Resources and economic growth: the American future--other voices. [Debate of economist, Federal Reserve governor, and political scientist]". United States.
@article{osti_5174407,
title = {Resources and economic growth: the American future--other voices. [Debate of economist, Federal Reserve governor, and political scientist]},
author = {Rostow, W W and Wallich, H C and Skolnikoff, E B},
abstractNote = {Excerpts of essays by Walt W. Rostow, Henry C. Wallich, and Eugene B. Skolnikoff present a range of views on the extent to which politics is a barrier to world agreement on future economic growth. Rostow considers the desires of developing countries for food, energy, and raw materials to be the central problem in reaching a global environmental equilibrium based on cooperation. He advocates joint discussions where industrialized and developing countries can review together the facts and agree on a mutually satisfactory effort. Wallich views growth limits as unlikely and unworkable whatever their merits because predictions, historically imprecise, are generally unheeded. He sees the proper action for economists as the development of adjustment mechanisms to allow appropriate market responses and to make whatever growth occurs safer. Skolnikoff views recent world political fragmentation as a threat to cooperation and recommends a controlled marketplace to counteract this trend by better serving immediate social goals. (DCK)},
doi = {},
url = {https://www.osti.gov/biblio/5174407}, journal = {Wilson Q.; (United States)},
number = ,
volume = 1:1,
place = {United States},
year = {},
month = {}
}