ABSTRACT
Private individuals and groups are advocating systems of planning within single industries. A program of maintaining production is vastly more difficult than one of limiting output, and will take more time to show results. But it is the only general program that deserves the name "national planning" or planning in the interests of the whole nation, as distinct from industrial planning or planning in the interests of single industries. The National planning organization should be guided by the following policies. The policies include Limitation of Output, Prices and Price Control, Credit, Investment and Speculation, Labor Policy, Public Works, Public Finance, and War Debts. The idea of economic planning on an industry-wide scale appears to be gaining wide acceptance among responsible persons and groups. The outstanding evils which challenge one to nationwide planning may be summed up under the headings of sick industries, technological unemployment, and business cycles and depressions.
