Government's Role in Shaping a Worthy Economy.

by David Novick

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A brief historical summary of the Government's past and present role in shaping the economy. Although no one questioned federal government planning during World War II and immediately afterward, abandonment of controls was expected. Most people believed, and still do, that government governs best which governs least. However, several major changes have occurred in the past few years: the Kennedy Administration adopted the New Economics; program budgeting was introduced into the Defense Department in 1961 and into the entire federal establishment in 1965; and programs such as Economic Development, Economic Opportunity, and the Great Society evolved. Prepared for a Theonetics Symposium sponsored by the United Presbyterian Church in Southern California, November 1, 1966, at Long Beach. 4 pp.

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