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December 28, 1940

Government and Economic Life: Development and Current Issues of American Public Policy. Volume II

JAMA. 1940;115(26):2306. doi:10.1001/jama.1940.02810520068036

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This is the second volume of a series on American public policy in relationship to economic life prepared through the Brookings Institution and published by it. In this volume the major portion of the discussion concerns government and the special treatment of private enterprise. One chapter deals with the activities of the government in the field of foods and drugs. There are also chapters on public relief and on social security. In their concluding observations the authors incline to the view that "our economy has reached a stage which is denominated as 'mature' and that as a result there is no longer any hope that we shall be able to come near the full employment of our productive resources without a continuous program of extensive public spending designed specifically to promote the utilization of idle men and plant." They recognize that it has not been demonstrated by economic analysis or

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