PAGENO="0001" L / j ~1ç9~~~i `~) ~:3 99~ ~rs } JOINT COMMITTEE PRINT COMMITTEE PUBLICATIONS and POLICIES GOVERNING THEIR DISTRIBUTION JOINT ECONOMIC COMMITTEE CONGRESS OF THE UNITED STATES EIGHTIETH TO NINETIETH CONGRESSES 1947-1968 DO .w APRIL 1968 Printed for the use of the Joint Economic Committee U.S. GOVERNMENT PRINTING OFFICE 92-3720 WASHINGTON: 1968 PAGENO="0002" SENATE JOHN SPARKMAN, Alabama I. W. PULBRIGHT, Arkansas HERMAN E. TALMADGE, Georgia STUART SYMINGTON, Missouri ABRAHAM RIBICOFF, Connecticut JACOB K. JAVITS, New York JACK MILLER, Iowa LEN B. JORDAN, Idaho CHARLES H. PERCY, Illinois JOINT ECONOMIC COMMITTEE [Created pursuant to sec. 5(a) of Public Law 304, 79th Cong.] WILLIAM PROXMIRE, Wisconsin, Chairman WRIGHT PATMAN, Texas, Vice Chairmais HOUSE OF REPRESENTATIVES RICHARD BOLLING, Missouri HALE BOGGS, Louisiana HENRY S. REUSS, Wisconsin MARTHA W. GRIFFITHS, Michigan WILLIAM S. MOORHEAD, Pennsylvania THOMAS B. CURTIS, Missouri WILLIAM B. WIDNALL, New Jersey DONALD RUMSFELD, Illinois W. E. BROCK 3D, Tennessee Jom~ H. STARK, Executive Director JAMES W. KNoWLEs, Director of Research WILLIAM H. MooRE EcoNoMIsTs J0UN B. HENDERSON DONALD A. WEBSTER (Minority) (it) GEORGE R. IDEN PAGENO="0003" POLICIES GOVERNING DISTRIBUTION OF PUBLICATIONS OF THE JOINT ECONOMIC COMMITTEE The Joint Economic Committee provides economic facts and anal-. yses to keep Congress abreast of developing trends and prospects. It advises Congress as to the appropriate mix of public and private policies most likely to achieve the Nation's economic objectives as set forth in the Employment Act of 1946. It does not consider, draft, or report actual legislation. The committee makes its services available principally through publications including reports, hearings, and collections of professional materials. It also publishes each month up-to-date data in Economic Indicators, which is prepared for the committee by the Council of Economic Advisers. These publications make available information about the perform- ance of the economy and various viewpoints on major economic issues which go not only to Congress but also to the executive branch and the general public. In this way, the committee makes significant con- tributions to economic education. Because fulfilling the purpose of the committee depends heavily on communicating the results of its work to the Congress, the executive branch, and the public, the committee over a period of years has developed publication policies which are laid down in the rules that follow below. The objectives of these policies are- (1) T~ provide Congress with the best and most accurate economic information possible; (2) To improve coordination of public and private economic policies so as to promote achievement of the objectives of the Employment Act of 1946; (3) To promote increased economic understanding throughout this country and abroad; (4) To insure availability of committee materials in published form at basic reference sources, such as libraries, for permanent research use; and (5) To accomplish these aims at the lowest possible overall cost to the taxpayers. With these aims in view, the staff is directed to distribute comnuttee publications henceforth according to the following rules: Rule 1.-A maffing list shall be maintained, restricted to individuals and organizations with a continuing interest in pubhc economic policies. This list shall be separated into priority classes as follows: A. First priority: Congressional offices, working press, senior Government officials, and former members and staff officials of the Joint Economic Committee. * B. Second priority: Government agencies, nonprofit libraries, and research organizations. (1) PAGENO="0004" 2 0. Third priority: University professors, teachers, and research workers. D. Fourth priority: Other individuals and organizations. Rule ~2.-~Students (up through graduate level in universities) shall be excluded from the mailing list. It is the committee's policy to insure that students have access to committee publications through stocking of reference shelves in the libraries of schools and colleges. Rule 3.-The executive director may place officials of foreign gov- ernments and foreign institutions on the mailing list when this is of mutual benefit, and they can be serviced within budgetary limits. Rule 4.-~The mailing shall be kept current and in line with com- mittee objectives by appropriate measures. Rule 5.-Before public distribution of any publication in accord- ance with these rules, a copy shall first be sent to those individuals and organizations who have directly contributed submissions for the record either as witnesses or as authors. Rule 6.-The mailing list provided for under rule 1 above shall be used as a. basis for mailing out automatically copies of the following items: (a) The committee's annual report; (b) The committee's annual list of publications; (c) Publications whose size allows the committee, within its regular printing allotment, to receive adequate copies to cover the entire mailing list; and (d) Notices of the availability of other reports and hearings. Rule 7.-All other publications (except Economic Indicators which is covered under rule 11 below) shall be distributed first to those in class A on the mailing list; then to those in class B. If any supply remains, the other classes shall be notified and requests filled on a first-come, first-served basis. Rule 8.-Where for any reason the committee's supply does not permit serving all who request a publication, some form of notification shall be sent to all who cannot be accommodated with copies, indi- cating the availabffity and price of the publication at the Superin- tendent of Documents, U.S. Government Printing Office. Rule 9.-Requests for publications shall be submitted in writing and telephone requests shall be accepted only from Members of Con- gress and its officials, or from members of the executive agencies where the need for urgency does not permit the use of the mails. Rule 10.-Whenever the usual supply will be too small~ to service the maffing list under the above rules-particularly the annual report- it shall be the duty of the executive director (in advance of publica- tion) to prepare, for introduction by the chairman and the vice chair- man in the two Houses, an appropriate joint resolution providing for such additional numbers of copies as may be necessary to enable the particular item to be distributed in accordance with these rules. Rule 11.-Economic Indicators is provided for by Public Law 120, 81st Congress, which allows the committee 700 copies each month. These copies are used solely for supplying members of the working press, the Council of Economic Advisers, ex-members of the Joint Economic Committee, and former conirnittee staff to the extent that this is possible. The only exception to this rule will be single copies which may be mailed out on a one-time-only basis to individuals to PAGENO="0005" 3 provide sample copies with instructions as to how they may subscribe for the publication from the Superintendent of Documents. Rule 1g.-Whenever operation of these rules results in an unfore- seen frustration of the committee's objectives set forth in the intro- duction to these rules, the executive director is authorized to make a temporary exception, which shall be promptly reported to the chair- man, for review and possible proposal of amendment to these rules. Rule 13.-This policy statement shall be printed and distributed to the Members of the Congress and to the general public so that the committee's policies shall be generally known. PAGENO="0006" PAGENO="0007" NOTICE OF AVAILABILITY OF PUBLICATIONS Single copies of publications, denoted by a dagger (f), are available without charge from the Joint Economic Committee, New Senate Office Building, Washington, D.C. 20510, on written request. The numbers in brackets preceding each publication should be used only when ordering single copies from the com- mittee. Publications followed by a Superintendent of Documents catalog number and price are available in quantity from the Superintendent of Documents, Government Printing Office, Washington, D.C. 20402 (Telephone: Area Code 202-541-3311). A check, a money order, or Superintendent of Documents coupons for the full amount must accompany your order. Several weeks should be allowed for de- livery, but telephone orders made by those having money on deposit with the Superintendent of Documents are usually processed within a few days. Publications without a dagger (t) are unavailable from the committee, and those without a price are out of print at the Govern- ment Printing Office. All publications are committee prints unless otherwise indicated. (5) PAGENO="0008" PAGENO="0009" EIGHTIETH CONGRESS, 1947-48 [1] Declaring a National Policy on Employment, Production, and Purchasing Power. Report, January 31, 1947. 3 p. (S. Rept. 11.) [2] Current Price Developments and the Problem of Economic Stabili- zation. Hearings, June 24, 25, 26, July 2, 8, 9, 10, 14, 15, 16, and 17, 1947. 582 P. [3] Food Prices, Production, and Consumption. Staff study, Decem. ber 15, 1947. 71 p. (S. Doc. 113.) [4] Anti-Inflation Program as Recommended in the President's Mes- sage of November 17, 1947. Hearings, November 21, 24, 25, 26, 28, December 2, 3, 4, 5, 9, and 10, 1947. 643 p. [5] The President's Program To Deal With the Problems of Inflation. Interim report, December 19, 1947. 5 p. (S. Rept. 809.) [6] Allocation of Grain for Production of Ethyl Alcohol. Hearings before the Subcommittee on Gram Allocations, February 5 and 6, 1948. 158 p. [7] Allocation and Inventory Control~ of Grain for the Production of Ethyl Alcohol. Report, February 11, 1948. 3 p. (S. Rept. 888.) [8] Increases in Steel Prices Hearings, March 2, 1948 82 p [9] Credit Policies Hearings, April 13, 16, May 12, 13, and 27, 1948 152 p [10] Joint Economic Report on the January 1948 Economic Report of the President May 18, 1948 69 p (5 Rept 1358) [11] High Prices of Consumer Goods. Report, June 9, 1948. 110 p. (S. Rept. 1565.) (Based on unpublished hearings held in 26 cities, September and October 1947) Pursuant to S Con Res 19 [12] Statietical Gaps Staff study on current gaps in our statistical knowledge, July 1948 11 p [13] Corporate Profits Hearings before the Subcommittee on Profits, December 6, 7, 8, 9, 10, 15, 16, 17, 20, and 21 1948 683 p [14] Pro/Its. Report of the Subcommittee on Profits, J'anuary 1949. 227 p [15] The Consumers' Price Index Staff memorandum on the Con- sumers' Price Index of the U S Bureau of Labor Statistics1 January 1949 20 p Note.-For availability of publications, see p. 5. (7) 92-872 O-68----~ PAGENO="0010" EIGHTY-FIRST CONGRESS, 1949-50 [16] January 1949 Economic Report of the President. Hearings, February 8, 9, 10, 11, 14, 15, 16, 17 and 18, 1949. 684 p. [171 Joint Economic Report on the January 1949 Economic Report of the President, March 1, 1949. 91 p. (S. Rept. 88.) [18] Minority Views on the January 1949 Economic Report of the' Presidenl,April 28, 1949. 22 p. (5. Rept. 88, pt. II.) [19] The Impact of Federal Policies on the Economy of the South. Study, prepared for the Council of Economic Advisers by the National Planning Association, Committee of the South, July 1, 1949. 92 p. [20] Employment and Unemployment. Initial report of the Sub- committee on Unemployment, July 8, 1949. 45 p. [21] Monetary, C4'edit, and Fiscal Policies Hearings before the Sub- committee on Monetary, Credit, and Fiscal Pohcies, Sep- tember23, November 16, 17, 18, 22, 23, December 1, 2, 3, 5, and7, 1949. 570p. [22] A Compendium of Materwie on Monetary, Oredat, and Fiscal Policies A collection of statements submitted to the Sub- conimittee on Monetary, Credit, and Fiscal Policies by Government officials, bankers, economists and others, November 7, 1949. 443 p. (5. Doc. 132.) [23] Monetary, Credit, and Fiecal Policies. Report of the Subcom- inittee on Monetary, Credit, and Fiscal Policies, January 23, 1950. 51 p. (5. Doc. 129.) Pursuant to S. Con. Res. 26. [24] Volume and Stability of Private Investment. Hearings before the Subcommittee on Investment, September 27, 28,29, Decem- ber 6, 7, 8, 9, 12, 13, 14, 15, and 16, 1949. 718 p. (2 parts.) [25] Factors Affecting the Volume and Stability of Private Investment: Materi ale on the Investment Problem. Assembled by the Staff of the Subcommittee on Investment, September 15, 1950. 235 p. (S. Doc. 232.) [26] Volume and Stability of Private Investment Report of the Sub- coramittee on Investment, March 23, 1950. 32 p. (5. Doc. 149.) Pursuant to S. Con. Res. 26. [27] Selected Government Programs Which Aid the Unemployed and Low-Income Families. Staff study of the Subcommittee on Unemployment and the Subcommittee on Low-Income Families, November 9, 1949. 79 p. [28] Low-Income Families and Economic Stability. Materials on the problems of low-income families assembled by the staff of the Subcommittee on Low-Income Families, September 15, 1950. 138 p. (S. Doe. 231.) Note.-For availability of publications, see p. 5. (8) PAGENO="0011" 9 [29] Low-Income Families. Hearings before the Subcommittee on Low-Income Families, December 12, 13, 14, 15, 16, 17, 19, 20, 21, and 22, 1949. 602 p. [30] Low-Income Families and Economic Stability. Report of the Subcommittee on Low-Income Families, March 9, 1950. 30 p. (S. Doc. 146.) Pursuant to S. Con. Res. 26. [31] Highways and the Nation's Economy Staff study, March 9, 1950 77 p. (5. Doc. 145.) [32] Basic Data Relating to Steel Prices Materials assembled by the Legislative Reference Service, Library of Congress, January 23, 1950. 43 p. [33] December 1949 Steel Price Increases. Hearings, January 24, 25, 26, and 27, 1950 567 p [34] December 1949 Steel Price Increases Report, March 27, 1950 66 p (S Rept 1373) [35] Jan'uary 1960 Economic Report of the President Hearings, January 17, 18, 19, and 20, 1950 297 p [36] Joint Economic Report on the January 1950 Economic Report of the President. June 16, 1950. 121 p. (S. Rept. 1843.) [37] Employment and Unemployment Report of the Subcommittee on Unemployment, February 3, 1950 132 p (S Doc 140) Pursuant to S. Con. Res. 26. See [20] and [27]. [38] Handbook of Regional Statistics Staff materials prepared for the Subcoramittee on Unemployment, March 31, 1950: 455 p. Note -For availability of publications, see p 5 PAGENO="0012" EIGHTY-SECOND CONGRESS, 1951-52 [39] January 1951 Economic Report of the President. Hearings, January 22, 24, 25, 26, 29, 31, and February 2, 1951. 530 p. [40] Joint Economic Report on the January 1951 Economic Report of the President. April 2, 1951. 121 p. (5. Rept. 210.) [42] Underemployment of Rural Families Staff study, February 2, 1951 74p [43] The Economic and Political Hazards of an Inflationary Defense Economy Staff study, February 23, 1951 96 p [44] The Need for Industrial Diepersal Staff study, August 9, 1951 56p (S Doe 55) [45] Making Ends Meet on Less than $2,000 a Year Case Studies of 100 Low-Income Families. Study by the Conference Group on Low-Income Families, March 27, 1952. 143 p. (5. Doe. 112.) [46] Prevalence of Price Cutting of Merchandice Marketed Under Price-Maintenance Agreements, May 28 through June 25, 1951. Study prepared by Dun and Bradstreet for the Joint Economic Committee and the Senate Select Committee on Small Business, July 18, 1951. 7 p. [47] National Defense and the Economic Outlook. Staff study, August 7, 1951. 41 p. (Revision of [43].) [48] Inflation Still a Danger. Report, August 15, 1951. 49 p. (5. Rept. 644.) Includes [47]. [49] January 1952 Economic Report of the President. Hearings, January 23, 24, 25, 26, 28, 30, 31, and February 1, 1952. 487 p. [50] Joint Economic Report on the January 1952 Economic Report of the President. March 12, 1952. 134 p. (5. Rept. 1295.) [51] The Taxation of Corporate Surplus Accumulations: The Applica- tion and Effect, Real and Feared, of Section 102 of the Internal Revenue Code Dealing With Unreasonable Accumulation of Corporate Profits. Study prepared by James K. Hall, Jan- uary 1952. 260 p. [52] Constitutional Limitation on Federal Income, Estate, and Gift Tax Rates. Material assembled for the Joint Economic Com- mittee and the House Select Committee on Small Business by the staffs, February 22, 1952. 48 p. [41] General Credit Control, Debt Management, and Economic Mobili- zation. Staff study, January 24, 1951. 98 p. [53] Questions on General Credit Control and Debt Management. Pre- pared by the staff of the Subcommittee on General Credit Control and Debt Management, October 12, 1951. 34 p. Note.-For availability of publications, see p. 5. (1O~ PAGENO="0013" .1~1 [54] Monetary Policy and the Management of the Public Debt: Their Role in Achiethi~g Price Stability and High-Level Employment. Replies to questions and other materials for the use of the Subcommittee on General Credit Control and Debt Manage- ment, April 23, 1952. 1320 p. (2 parts.) (S. Doc. 123, pt. 1 and 2.) [55] Monetary Policy and the Management of the Public Debt. Hearings before the Subcommittee on General Credit Control and Debt Management, March 10, 11, 12, 13, 14, 17, 18, 19, 20, 21, 24, 25, 26, 27, 28, and 31, 1952. 993 p. [56] Monetary Policy and the Management of the Public Debt. Report of the Subcommittee on General Credit Control and Debt Management, July 3, 1952. 80 p. (S. Doe. 163.) [57] Federal Tax Changes and Estimated Revenue Losses Under Present Law. Staff study, November 7, 1952. 8 p. [58] Sustaining Economic Forces Ahead. Staff study, December 4, 1952. 70 p. [59] Pensions in the United States. Study prepared by the National Planning Association, December 16, 1952. 106 p. [60] Index of Joint Economic Committee Publications: January 1947 through December 1952. January 2, 1953. 242 p. Note.-For availability of publications, see p. 5. 92-372 O-68---.-3 PAGENO="0014" EIGHTY-THIRD CONGRESS, 1953-54 [61] Historical and Descriptive Supplement to Economic Indicators. Prepared by the staff and the Office of Statistical Standards, Bureau of the Budget, December 1953. 63 p. [62] January 1954 Economic Report of the President. Hearings, February 1, 2, 3, 4, 5, 8, 9, 10, 11, 15, 16, 17, and 18, 1954. 899 p [63] Joint Economic Report on the 1954 Economic Report of the Presi- dent. February 26, 1954. 111 p. (H. Rept. 1256.) [64] Economic Statistics. Hearings before the Subcommittee on Economic Statistics, July 12, and 13, 1954. 363 p. [65] Economic Statictics. Report of the Subcommittee on Economic Statistics, August 5, 1954. 6 p. (H. Rept. 2628.) [66] Congressional Action on Major Economic Recommendations of the President, 1954. Staff study, September 24, 1954. 15 p. [67] Potential Economic Growth of the United States During the Next Decade. Staff study, October 27, 1954. 35 p. See [148]. [68] United States Monetary Policy Recent Thinking and Experience Hearmgs before the Subcommittee on Economic Stabthza- tion, December 6 and 7, 1954. 331 p. [69] Trends in Economic Growth: A Comparison of the Western Powers and the Soviet Bloc. Study prepared by the Legislative Reference Service, Library of Congress, January 3, 1955. 339p. Note.-For availability of publications, see p. 5. (12) PAGENO="0015" EIGHTY-FOURTH CONGRESS, 1955-56 [70] Jan'uary 1955 Economic Report of the President Hearmgs, January 24, 26, 27, 28, 31, February 1, 2,3, 8, 9, 10, and 16, 1955 1267 p [71] Joint Economic Report on the 1955 Economic Report of the Presi- dent. March 14, .1955. 103 p. (S. Rept. 60.) [72] Reports of Federal Reserve Consnltant Committees on Economic Statistics. Hearings before the Subcommittee on Eco- nomic Statistics, July 19, 26, October 4 and 5, 1955. 722 p. [73] Employment and Unemployment Statistics. Hearings before the Subcommittee on Economic Statistics, November 7 and 8, 1955. 167 p. [74] 1955 Report on Economic Statistics. Report of the Subcom- mittee on Economic Statistics, January 5, 1956. 22 p. (S. Rept. 1309.) [75] 4utomation and Technological Change. Hearings before the SubcOmmittee on Economic Stabifization, October 14, 15, 17, 18, 24, 25, 26, 27, and 28, 1955. 644 p. [76] Automation and Technological Change. Report of the Sub- committee on Economic Stabilization, January 5, 1956. 14 p. (5. Rept. 1308.) [77] (Jharacte~'istics of the Low-Income Population and Related Federal Programs. Staff study of the Subcommittee on Low- Income Families, October 15, 1955. 240 p. [78] Low-Income Families. Hearings before the. Subcommittee on Low-Income Families, November 18, 19, 21, 22, and 23, .1955. 757 p. [79] A Program for the Low-Income Population at Substandard Levels of Living. Report of the Subcommittee on Low- Income Families, January 5, 1956. 14 p. (5. Rept. 1311.) [80] Foreign Economic Policy. Hearings before the Subcommittee on Foreign Economic Pohcy, November 9, 10, 14, 15, 16, and 17, 1955. 620 p. [81] Foreign Economic Policy. Report of the Subcommittee on Foreign Economic Policy, January 5, 1956. 33 p. (S. Rept. 1312.) [82] Federal Tax Policy for Economic Growth and Stability. Papers submitted by panelists appearing before the Subcommittee on Tax Policy, November 9, 1955. 930 p. [83] Federal Tax Policy for Economic Growth and Stability. Hearings before the Subcommittee on Tax Policy, December 5, 6, 7, 8, 9, 12, 13, 14, 15, and 16, 1955. 708 p. Note.-For availability of publications, see p. 5. (13) PAGENO="0016" 14 [84] Federal Tax Policy for Economic Growth and Stability. Report of the Subcommittee on Tax Policy, January 5, 1956. 16 p. (S Rept 1310) [85] The Federal Revenue System: Facts and Problems. Staff study of the Subcommittee on Tax Policy, November 1, 1955. 201 p. [86] 1955 Historical and Descriptive Supplement to Economic Ind't- cators. Prepared by the staff and the Office of Statistical Standards, Bureau of the Budget, November 1, 1955. 70 p. [87] January 1956 Economic Report of the President. Hearings, January 31, February 1, 2, 3, 6, 7, 8, 9,14, 15, 17, and 28, 1956 727 p [88] Joint Economic Report on the 1956 Economic Report of the Presi- dent. March 1, 1956. 116 p. (5. Rept. 1606.) [89] Defense Essentiality and Foreign Economic Policy (Case Study The Watch Industry and Precision Skills). Hearings before the Subcommittee on Foreign Economic Policy, June 4, 5, 6, and 7, 1956 476 p [90] Defense Essentiality and Foreign Economic Policy Case Study: Watch Industry and Precision Skills. Report of the Sub- committee on Foreign Economic Policy, July 18 and 25, 1956. 39 p. (5. Rept. 2629, pt. 1 and 2.) [91] Conflicting Official Views on Monetary Policy: April 1956. Hearing, before the Subcommittee on Economic Stabiliza- tion, June 12, 1956. 62 p. [92] Monetary Policy: 1955-56. Hearings before the Subcommittee on Economic Stabffization, December 10 andli, 1956. 162 p. [93] World Economic Growth and Competition Hearmgs before the Subcommittee on Foreign Economic Policy, December 10, 12, and 13, 1956. 175 p. [94] Instrumentation and Automation. Hearings before the Subcom- mittee on Economic Stabilization, December 12, 13, and 14, 1956. 202 p. Note.-For availability of publications, see p. 5. PAGENO="0017" EIGHTY-FIFTH CONGRESS, 1957-58 [95] Janaury 1957 Economic Report of the President. Hearings, January 28, 29, 30, 31, Feburary 1, 4, 5, and 6, 1957. 792 p. [96] Joint Economic Report on the 1957 Economic Report of the President. February 28, 1957. 66 p. (II. Rept. 175.) [97] Fiscal Policy Implication1s of the Economic Outlook and Budget Developments. Hearings before the Subcommittee on Fiscal Policy, June 3, 4, 5, 6, 7, 13, and 14, 1957. 348 p. [98] Fiscal Policy Implications of the Economic Outlook and Budget Developments. Report of the Subcommittee on Fiscal Policy, June 26, 1957. 5 p. (H. Rept. 647.) [100] Soviet Economic Growth: A Comparison With the United States. Study prepared for the Subcommittee on Foreign Economic Policy by the Legislative Reference Service, Library of Oongress, July 5, 1957. 149 p. [101] 1957 Historical and Descriptive Supplement to Economic Indi- cators. Prepared by the staff and the Office of Statistical Standards, Bureau of the Budget, September 10, 1957. 74 p. [102] The National Economic Accounts of the United States. Hearings before the Subcommittee on Economic Statistics, October 29 and 30, 1957. 302 p. [103] Automation and Recent Trends. Hearings before the Subcom- mittee on Economic Stabilization, November 14 and 15, 1957. 100 p. [104] Federal Expenditure Policy for Economic Growth and Stability. Papers submitted by panelists appearing before the Sub- committee on Fiscal Policy, November 5, 1957. 1203 p. [105] Federal Expenditure Policy for Economic Growth and Stability. Hearings before the Subcommittee on Fiscal Policy, No- vember 18, 19, 20, 21, 22, 25, 26, and 27, 1957. 663 p. [106] Federal Expenditure Policies for Economic Growth and Stability. Report of the Subcommittee on Fiscal Policy, Janaury 23, 1958. 15 p. [107] Policy for Commercial Agriculture: Its Relation to Economic Growth and Stability. Papers submitted by panelists appear- ing before the Subcommittee on Agricultural Policy, No- vember 22, 1957. 864 p. [108] Policy for Commerical Agriculture: Its Relation to Economic Growth and Stability. Hearings before the Subcommittee on Agricultural Policy, December 16, 17, 18, 19, and 20, 1957. 376 p. Note.-For availability of publications, see p. 5. (15) PAGENO="0018" 16 [109] Policy for CommercialAgriculture: Its Relation to Economic Growth and Stability.. Report of the Subcommittee on Agricultural Policy, February 10, 1958. 26 p. [no] January 1958 Economic Report of the President. Hearings, January 27, 28, 29, 30, February 3, 4, 5, 6, 7, and 10, 1958. 498 p. [1111 Joint Economic Report on the 1958 Economic Report of the Presi- dent. February 27, 1958. 52 p. (H. Rept. 1409.) [112] International Economic Statistics. Memorandum prepared for the Subcommittee on Economic Statistics by the Office of Statistical Standards, Bureau of the Budget, January 31, 1958. 73 p. [113] Fiscal Policy Implications of the Current Economic Outlook. Hearings before the Subcommittee on Fiscal Policy, April 28, 29, 30, and May 1, 1958. 222 p. [99] Productivity, Prices, and Incomes. Staff materials, June 21, 1957. 281 p. [114] The Relationship of Prices to Economic Stability and Growth. Compendium of papers submitted by panelists, March 31, 1958. 712 p. [115] The Relationship of Prices to Economic Stability and Growth. Hearings, May 12, 13, 14, 15, 16, 19, 20, 21, and 22, 1958. 427 p. [116] The Relationship of Prices to Economic Stability and Growth. Commentaries submitted by economists from labor and industry, October 31, 1958. 271 p. [117] The Relationship of Prices to Economic Stability and Growth. Hearings, December 15, 16, 17, and 18, 1958. 432 p. [118] Frequency of Change in Wholesale Prices: A Study of Price Flexibility. Study prepared by the Bureau of Labor Statis- tics, December 22, 1958. 88 p. [119] Economic Policy Questionnaire. Tabulation of replies submitted to the Subcommittee on Economic Stabilization, December 31, 1958. 18 p. [120] Economic Policy in Western Europe. Staff study, January 2, 1959. 401 p. Note.-For availability of publications, see p. 5. PAGENO="0019" EIGHTY-SIXTH CONGRESS, 1959-60 Study of Employment, Growth, and Price Levels (Pursuant to Senate Concurrent Resolution 13) HEARINGS [1211 Part 1. The American Economy: Problems and Prospects. March 20, 23, 24, and 25, 1959. 228 p. [122] Part 2. Historical and Comparative Rates of Production, Pro- ductivity, and Prices. April 7, 8, 9, and 10, 1959. 838 p. [123] Part 3. Historical and Comparative Rates of Labor Force, Em- ployment and Unemployment. April 25, 27, and 28, 1959. 138 p.. [124] Part 4. The Influence on Prices of Changes in the Effective Supply of Money. May 25, 26, 27, and 28, 1959. 283 p. [125] Part 5. International Influences on the American Economy. June 29, 30, July 1 and 2, 1959. 199 p. [126] Part 6A. The Government's Management of Its Monetary, Fiscal, and Debt Operations. July 24, 27, 28, and 29, 1959. 418 p. [127] Part 6B. The Government's Management of Its Monetary, Fiscal, and Debt Obligations. August 5, 6, and 7, 1959. 214 p. [128] Part 60. The Government's Management of Its Monetary, Fiscal, and Debt Obligations. Answers to questions on monetary policy and other materials, November 1959. 258 p. [129] Part 7. The Effect of Monopolistic and Quasi-Monopolistic Prac- tices Upon Prices, Profits, Production, and Employment. September 22, 23, 24, and 25, 1959. 467 p. [130] Part 8. The Effect of Increases in Wages, Salaries, and the Prices of Personal Services, Together with Union and Professional Practices Upon Prices, Profits, Production, and Employment. September 28, 29, 30, October 1 and 2, 1959. 312 p. [131] Part 9A. Constructive Suggestions for Reconciling and Simultane- ously Obtaining the Three Objectives of Maximum Employ- ment, an Adequate Rate of Growth, and Substantial Stability of the Price Level. October 26, 27, 28, 29, 30, 1959. 298 p. [132] Part 9B. Constructive Suggestions for Reconciling and Simulta~. neously Obtaining the Three Objectives of Maximum Employ- ment, an Adequate Rate of Growth, and Substantial Stability of the Price Level. Materials submitted by 12 organizations at the invitation of the Committee, November 5, 1959. 186 p. [133] Part 10. Additional Materials Submitted for the Record. Jan- uary 5, 1960. 247 p. Note.-For availability of publications, see p. 5. (17) PAGENO="0020" 18 REPORTS [134] Staff Report on Employment, Growth, and Price Levels. Decem- ber 17, 1959. 488 p. [135] Employment, Growth and Price Levels. Report, January 26, 1960 156 p (S Rept 1043) STUDY PAPERS [136] No 1 Recent Inflation in the United States, by Charles L Schultze. September 21, 1959. 137 p. [137] Nos. 2 and 3. Steel and the Postwar Inflation, by Otto Eckstein and Gary Fromm; An Analysie of the Inflation in Machinery Prices, by Thomas A. Wilson. November 6, 1959. 81 p. [138] Nos 4 and 5 Analysic of the Rising Costs of Public Education, by Werner Z. Hirsch; Trends in the Supply and Demand of ~Medical Care, by Markley Roberts. November 10, 1959. 85 p [139] No 6 The Extent and Nature of Frictional Unemployment, by the Bureau of Labor Statistics November 19, 1959 69 p [140] Nos. 7, 8, and 9. The Incidence of Inflation: Or Who Gets Hurt, by Seymour E. Harris; Protection Against Inflation, by H. S. Houthakker; The Share of Wages and Salaries in Manufac- turing Incomes, 1947-56, by Alfred H. Conrad. November 26, 1959. 153 p. [141] Nos. 10 and 11. Potential Public Policies to Deal With Injlatiom Caused by Market Power, by Emmette S. Redford; A Brief Interpretive Survey of Wage-Price Problems in Europe, by Mark W Leiserson December 11, 1959 86 p [142] Nos 12 and 13 The Low Income Population and Economic Growth, by Robert L. Lampman; The Adequacy of Resources for Economic Growth in the United States, by Joseph L. Fisher and Edward Boorstein. December 16, 1959. 71 p. [143] Nos 14 and 15 Liqwtdity and Financial Institutions in the Postwar Period, by John Gurley; Profits, Profit Markups, and Productivity:. Am Examination of Corporate Behavior Since 1947, by Edwin Kuh. January 25, 1959. 111 p. [144] No. 16. International Effects of U.S. Economic Policy, by Edward M. Bernstein. January 25, 1960. 93 p. [145] No. 17. Prices and Costs in Manufacturing Industries, by Charles L. Schultze and Joseph L. Tryon. January 25, 1960. 58 p. [146] No. 18. National Security and the American Economy in the 1960's, by Harry Rowen. January 30, 1960. 79 p. [147] No. 19. Debt Management in the United States, by Warren L. Smith. January 28, 1960. 154 p. [148] No. 20. The Potential Economic Growth of the United States, by James W. Knowles. January 30, 1960. 56 p. Y4.EC7: EM7/4/No. 20. 20 cents. See [67]. Note.-For availability of publications, see p. 5. PAGENO="0021" 19 [149] No. 21. Postwar Movement of Prices and Wages in Manufacturing Industries, by Harold M. Levinson. January 30, 1960. 139 P. (Includes supplementary technical material to the staff report [134].) [150] No. 22. An Evaluation of Antitrust Policy: Its Relation to Eco.. nomic Growth, Full Employment, and Prices, by Theodore J. Kreps. January 30, 1960. 49 p. [151] No. 23. The Structure of Unemployment in Areas of Substantial Labor Surplus, by the Bureau of Labor Statistics. January 30, 1960. 34 p. ADDITIONAL MATERIALS [152] Questions on Monetary Policy and Debt Management. August 31, 1959. 11 p. See [128]. [153] Index to Hearings, Employment, Growth, and Price Levels-With Tables of Contents of Study Papers and Reports. December 30, 1960. 94 p. Note.-For availability of publications, see p. 5. PAGENO="0022" Other Committee Pubhcations of the 86th Congress [154] January 1959 Economw Report of the President Hearings, January 27, 28, 29, 30, February 2, 3, 4, 5, 6, 9, and 10, 1959. 787 p. [155] Joint Economic Report on the 1959 Economic Report of the Presi- dent. March 9, 1959. 76 p. (S. Rept. 98.) [156] The Federal Revenue System: Facts. and Problems, 1959. Staff study, May 1959. 266 p. [157] Energy Resources and Technology. Hearings before the Sub- committee on Automation and Energy Resources, October 12, 13, 14, 15, and 16, 1959. 352 p. Comparicons of the United States and Soviet Economies. Papers submitted by panelists appearing before the Subcommittee on Economic Statistics: [158] Part I. September 28, 1959. 376 p. [159] Part II. October 19, 1959. 169 p. [160] Part III. November 10, 1959. 71 p. [161] Comparicone of the United States and Soviet Economies. Hearings before the Subcommittee on Economic Statistics, November 13, 16, 17, 18, 19, and 20, 1959. 292 p. [162] Comparisons of the United States and Soviet Economies. Sup- plemental Statement on Costs and Benefits to the Soviet Union of Its Bloc and Pact System: Comparisons With the Westerm Alliance System. Prepared by the Central Intelligence Agency in cooperation with the Department of State and Department of Defense for the Subcommittee on Economic Statistics, June 17, 1960. 50 p. [163] January 1960 Economic Report of the President. Hearings, February 1, 2, 3, 4, 5, and 16, 1960. 517 p. [164] Joint Economic Report on the 1960 Economic Report of the Presi- dent. February 15, 1960. 98 p. (5. Rept. 1152.) [165] Background Material on Economic Aspects of Military Procure- ment and Supply. materials submitted to the Subcommittee on Defense Procurement, February 12, 1960. 236 p. [166] Impact of Defense Procurement. Hearings before the Subcom- mittee on Defense Procurement, January 28, 29, and 30, 1960. 594 p. [167] Economic Aspects of Military Procurement and Supply. Report of the Subcommittee on Defense Procurement, October 23, 1960. 125 p. Note.-For availabifity of publications, see p. 5. (20) PAGENO="0023" 21 [168] New Views on Automation. Papers submitted to the Subcom-. mittee on Automation and Energy Resources, October 12, 1960. 604 p. [169] Economic Policies for Agriculture in the 1960's: Implicatious of Four Selected Alternatives. Staff study, November 26, 1960. 82 p. [170] Current Economic Situation and Short-Run Outlook. Hearings, December 7 and 8, 1960. 266 p. [17 1] 1960 Supplement to Economic indicators: Flistorical and Descrip- tive Background. Prepared by the staff and the Office of Statistical Standards, Bureau of the Budget, December 1960. 112 p. [172] Energy Resources and Government. Statements submitted to the Subcommittee on Automation and Energy Resources by Federal and State Regulatory and Developmental Agen- cies, November 15, 1960. 603 p. [173] Subsidy and Subsidylike Programs of the U.S. Government. Study prepared by Legislative Reference Service, Library of Congress, December 15, 1960. 80 p. [174] Economic Programs for Labor Surplus Areas in Selected Court-. tries of Western Europe. Staff study, December 27, 1960. 15 p. Y4.E07:L11. 25 cents. [175] A Study of the Dealer Market for Federal Government Securities. Staff study, December 30, 1960. 144 p. Note.-For availability of publications, see p. 5. Superintendent of Documents catalog number precedes price. PAGENO="0024" EIGHTY-SEVENTH CONGRESS, 1961-62 [176] January 1961 Economic Report of the President and the K,urtomic Situation and Outlook. Hearings, February 9, 10, March 6, 7, 27, and April 10, 1961. 725 p. [177] Joint Economic Report on the 1961 Economic Report of the Presi- dent. May 2, 1961. 138 p. (H. Rept. 328). Goverrtment Price Statistics. Hearings before the Subcommittee on Economic Statistics :~ [178] :~P8J~t1. January 24, 1961. 526 p. [179] Part 2. May 1, 2, 3, 4, and 5, 1961. 267 p. [180] Government Price Statistics. Report of the Subcommittee on Economic Statistics, July 21, 1961. 13 p. Y4.E07: P93/9. 10 cents. [181] The Federal Revenue System: Facts and Problems, 1961. Staff study, April 1961. 290 p. [182] International Payments Imbalances and Need for Strengthening Internatioi~al Financial Arrangements. Hearings before the Subcommittee on International Exchange and Payments, May 16, June 19, 20, and 21, 1961. 340 p. [183] International Payments Imbalances and Need for Strengthening International Financial Arrangements. Report of the Sub- committee on International Exchange and Payments, August 23, 1961. 26 p. [184] Review of Annual Report of the Federal Reserve System for the Year 1960. Hearings, June 1 and 2, 1961. 174 p. [185] Progress Made by the Department of Defense in Reducing the Impact of Military Procurement on the Economy. Hearmgs before the Subcommittee on Defense Procurement, June 12, 1961. 156 p. [186] Review of Report of the Commission on Money and Credit. Hear- /-rngs, August 14, 15, 16, 17, and 18, 1961. 486 p. 7 [187] 93 Lots oj~Bids Involving Identical Bids Reported to the Depart- ~i1~t of Justice by the Federal Procurement Agencies in the ~-~Years 1955-60. Staff study, August 30, 1961. 139 p. `~fl8~~tHigher Unemployment Rates, 1957-60: Structural Transforma- tion or Inadequate Demand. Staff study for the Sub- committee on Economic Statistics, November 29, 1961. 79 p. Y4.E07 :TJN2/3. 25 cents. [189] Unemployment:. Terminology, Meacurement, and Analysis. 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[195] Economic Policies Toward Less Developed Countries, by Ray- mond F Mikesell and Robert Loring Allen November 17, 1961 96 p [196] tJapan in United States Foreign Economic Policy, by Warren S. Hunsberger. November 20, 1961. 27 p. [197] Trade Adjustment in Theory and Practice, by Otto R. Reischer. November 21, 1961. 98 p. [198] tThe European Economic Community and the United States, by Robert R. Bowie and Theodore Geiger. November 27, 1961 60 p [199] tFood and People, by Ralph McCabe and Louis H. Bean. November 1961. 74 p. [200] ~ United States Commercial Policy: A Program from the 1960's, by Peter B. Kenen. November 30, 1961. 37 p. [201] t Trade Restraints in the Western Community With Tariff Comparisons and Selected Statistical Tables Pertinent to For- eign Economic Policy. Staff study, December 1, 1961. 59 p [202] Foreign Economic Policy Hearings before the Subcommittee on Foreign Economic Policy, December 4, 5, 6, 7, 8, 11, 12, 13, and 14, 1961 524 p [203] tForeign Economic Policy for the 1960's Report of the Subcom- mittee on Foreign Economic Policy, January 17, 1962 50 p [204] t The Political Stakes in East-West Trade A report on a fact- finding trip to the U.S.S.R. and Eastern Europe, submitted to the Subcommittee on Foreign Economic Policy by Jacob K Javits, February 2, 1962 19 p Inventory Fluctuations and Economic Stabilization Papers [205] Part I. Postwar Fluctuations in Business Inventories. December 18, 1961. 180 p. [206] Part II. Causative Factors in Movements of Business Invew. tories. December 21, 1961. 194 p. Note.-For availability of publications, see p. 5. PAGENO="0026" 24 [2071 Part III. Inventory Fluctuatiens and Economic Instability. December 26, 1961. 218 p. [208] Part IV. Supplementary Study Papers. May 22, 1962. 133 p. [209] t The Role of Inventory Changes During Expansion and Contrac- t'ion. Task force report to the Subcommittee on Economic Stabilization, Automation, and Energy Resources, July 3, 1962. 11 p. [210] tlnventory Fluctuations, Price Level Changes, and Economic Growth. Task force report to the Subcommittee on Eco- nornic Stabilization, Automation, and Energy Resources, July 6, 1962. 15 p. [211] ~Inventory Fluctuations and Economic Stabilization. Hearings before the Subcommittee on Economic Stabilization, Auto- mation, and Energy Resources, July 9, 10, 11, 12, and 13, 1962. 263 p. [212] The Federal Budget as an Economic Document. Staff study prepared for the Subcommittee on Economic Statistics, January 11, 1962. 189 p. See [238] and [239]. [213] Economic Policies and Programs in South America. Report of the Subcommittee on Inter-American Economic Relation.. ships, January 24, 1962. 123 p. [214] Economic Developments `in South America. 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Report of the Subcommittee on Economic Statistics, July 24, 1962 20 p [222] State of the Economy and Policies for Full Employment. Hearings, August 7, 8, 9, 10, 13, 14, 15, 16, 17, 20, 21, and 22, 1962. 997 p. Note.-For availability of publications, see p. 5. PAGENO="0027" 25 [223] A Federal Statistics Program for the 1960's. A study prepared for the Subcommittee on Economic Statistics by the Office of Statistical Standards, Bureau of the Budget, October 15, 1962. 69 p. Y4.EC7:St. 2. 25 cents. [224] Factors Affecting the United States Balance of Payments. Studies prepared for the Subcommittee on International Exchange and Payments, December 15, 1962. 561 p. [225] Outlook for the United States Balance of Payments. Hearings before the Subcommittee on International Exchange and Payments, December 12, 13, and 14, 1962. 264 p. [226] tU.S. Payments Policies Consistent with Domestic Objectives of Maximum Employment and Growth. 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[239] tThe Federal Budget as an Economic Document. Report of the Subcommittee on Economic Statistics, August 14, 1963. 26 p. (5. Rept. 396.) See [212]. [240] Measuring Employment and Unemployment. Hearings before the Subcommittee on Economic Statistics, June 6 and 7, 1963. 129 p. Discriminatory Ocean Freight Rates and the Balance of Payments. Hearings: [241] Part 1. June 20 and 21, 1963. 192 p. See [270]. [242] . tPart 2. October 9 and 10, 1963. 137 p. [243] tPart 3. November 19 and 20, 1963. 266 p. [261] Part 4. March 25 and 26, 1964. 181 p. [269] tPart 5. Appendix, September 1964. 497 p. Note.-For availability of publications, see p. 5. Superintendent of Documents catalog number precedes price. (26) PAGENO="0029" 27 The United States Balance of Payments. Hearings: [244] tPart 1. Current Problems and Policies. July 8 and 9, 1963. 218 p. [245] Part 2. Outlook for the United States Balance of Payments. July 29 and 30, 1963. 117 p. [246] Part 3. 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