The Public Interest

Economics and Social Policy

Summer 1968

The New Deal, it might be said, was fashioned by lawyers. It was they who created and staffed the new regulatory agencies, which sought to limit private power in the society. By the same token, the Great Society is the “age of the economist.” One finds economists not only at the center of economic policy, in the Council of Economic Advisers, but also as important formulators of policy in the Departments of Defense, HEW, and HUD, and even as analysts of the status of the performing arts.

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