3-Man Forum Will Discuss U.S. Economy

Government Policy and Profits will be the theme of the Free Enterprise Society's forum in the New Lecture Hall at 8 p.m. today.

Senator Ralph Flanders of Vermont, Seymour E. Harris '20, professor of Economics, and Sumner H. Slichter, Lamont University Professor, will be the speakers. Philip D. Bradley, Jr. assistant professor of Economics, will be moderator.

Disagreed Before

Professor Harris and Slichter disagreed last December on whether industry's profits were too high, when they testified before a joint sub-committee of the 80th Congress.

Harris declared that profits were too high and were a major cause of the inflation. Slichter told the group that American corporations, because of high prices, were overestimating their profits by $16.4 billion, and therefore that amount of their estimated profits should not be considered as available for dividends, expansions, or wage increases.