Can We Hold Down Prices?
SUMNER H. SLICHTER, Lamont University Professor at Harvard, has been rated by Fortune as “the best-known economist in the United States. He is the public’s economist, labor’s economist, and the businessman’s economist.”His forthcoming book. What’s Ahead for American Business, is predicated on the belief that our contest with Soviet Russia is primarily a contest of production. Events may plunge us into total mobilization, but short of that emergency Mr. Slichter believes that, if we are vigilant, we can build up our defenses and at the same time maintain a dynamic economy. One of our most immediate responsibilities, he argues. is to stop a runaway increase in prices.