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BPEA Article

Implications for Policy: A Symposium

Gardner Ackley

Abstract

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.

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