PART ONE: A New Policy Issue 3
WALTER LIPPMANN and FRANCIS M，BATOR·America Must Grow 3
ROCKEFELLER REPORT Projections of Federal, State and Local Government Expenditures in 1967 14
HERBERT STEIN and EDWARD F DENISON Economic Growth as a National Goal 15
W. ALLEN WALLIS United States Growth: What, Why, How 25
PAUL A.SAMUELSON Public Responsibility for Growth and Stability 38
PART Two: Outlook for the “Economic Race” 43
ABRAHAM S.BECKER Comparisons of United States and USSR National Output: Some Rules of the Game 43
THE COMMUNIST PARTY OF THE USSR The Soviet Twenty-year Program 57
THE COUNCIL OF ECONOMIC ADVISERS·The U.S.Target in the CUrrent Decade 62
DEBORAH C.PAIGE ET AL Economic Growth: The Last Hundred Years 69
PART THREE: How to Grow—Three Kinds of Investment 88
JAMES TOBIN Growth Through Taxation 88
EDMUND S.PHELPS Tangible Investment as an Instrument of Growth 94
THEODORE W.SCHULTZ Investment in Human Capital 106
GARY S.BECKER Underinvestment in College Education？ 121
BENTON F.MASSELL and RICHARD R. NELSON Research and Economic Growth: The Role of Public Policy 129
FRITZ MACHLUP Can There Be Too Much Research？ 141
THE COUNCIL OF ECONOMIC ADVISERS Policies for Eco-nomic Growth 153
Suggested Further Readings 175