An Assessment of the Wage and Price Guideline Approach to Economic Stabilization

Economic Report of the President Together with the Annual Report of the Council of Economic Advisors (Washington, D.C.: U.S. Government Printing Office, 1964), p. 116.

Milton Friedman , "What Price Guideposts?" in Guidelines, George P. Schultz and Robert Z. Aliber , eds. (Chicago: University of Chicago Press, 1966), p. 56.

Ibid, pp. 17-18.

Bruce T. Allen , "The Guideposts: A Sympathetic Obituary," MSU Business Topics, (Autumn, 1967), pp. 72-77.

Arthur A. Thompson , "New Wage-Price Guideposts Remains Self-Defeating ," The Commercial and Financial Chronicle, (March 30, 1967), p. 17.

Shultz and Aliber , "Introduction," Guidelines, p. 9.

John T. Dunlop , "Guideposts, Wages and Collective Bargaining ," Guidelines, p. 87.

Ibid, p. 86.

Arthur F. Burns , "Wages and Prices by Formula," Harvard Business Review, (March-April, 1965), p. 69.

Dunlop , op. cit, p. 88.

Report of the Economic Policy Committee to the AFL-CIO Executive Council on The Wage Guidelines (February 26, 1966, Bal Harbour, Florida).

Economic Report of the President, op. cit, p. 119.

J.T. Romans , "Moral Suasion as an Instrument of Economic Policy," American Economic Review, (December, 1966), p. 1223.

U.S. Department of Commerce, Office of Business Economics , Survey of Current Business, (October, 1967), pp. 5-7, S-8, S-15.

Economic Report of the President, 1967, p. 124.

Ibid, p. 78.

Robert M. Solow , "The Case Against the Case Against the Guideposts," Guidelines, p. 47. 18. George L. Perry , "Wages and the Guideposts," American Economic Review, 57:897, (September, 1967), p. 904.

Stanley W. Black and Harry H. Kelejian , "A Macro Model of the U.S. Labor Market," Econometrica, 1970 , 38:712-741; Adrian W. Throop , "The Union-Nonunion Wage Differential and Cost-Push Inflation," American Economic Review, 1968, 58:79-99; N.J. Simler and Alfred Tella , "Labor Reserves and the Phillips Curve," Review of Economics and Statistics , 1968, 50:32-49; R.G. Lipsey and J.M. Parkin , "Incomes Policy: A Reappraisal," Economica, 1970, H.S. 37:115-138.

Dunlop , op. cit, p. 85.

"Gone Guideposts," Time, (August 12, 1966), p. 65.