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John T. Dunlop, secretary of Labor and Lamont University Professor, said last night the major economic problems facing the United States today is the task of integrating the views of Congress, the president, academia, management and labor in an efficient decision-making process.
Dunlop speaking before about 150 people at the Temple Mishkan Tefila in Newton, called for "concerted action" from all groups involved in economic decision-making and greater concern from these groups for long-range economics effects.
In economic decision-making Dunlop emphasized, all views should be "pulled together" and considered. Some important contributors to the decision-making process, he said, need to be shown that short-rang planning or an overly abstract approach will lessen the effectiveness of economic policy.
Economic policy is too important to be "left to economists," Dunlop said. Academic economics is by definition an abstraction he added.
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