WE OWE a considerable debt of gratitude to Sidney Weintraub, Henry Wallich, Laurence Seidman, and Arthur Okun for developing the concept of the tax-based incomes policy (TIP), and for keeping it alive in the face of public and professional disinterest. I believe that the papers and discussion of this conference have greatly advanced our understanding of the implications of the proposal, even if they have not answered all questions nor, I am sure, produced general agreement even in this room.
