Smith, Dr. Arthur J.R.
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Thinking about the future. Thinking about the future, especially of the economic future, as a relatively new development of the past quarter century. The revolution of "looking ahead." The more immediate needs of the time prior to the last 25 years. A natural progression to thinking about post-war economies that could avoid economic depression and stagnation. Canada's role in developing new institutions and policies. A review of the study of economics from a historical and developmental viewpoint, going back to the late 1940's. A Royal Commission on Canada's Economic Prospects in the mid-1950's. The establishment of the Economic Council of Canada in the early 1960's "to look into the medium- and longer-term future with a view to clarify some of the goals and objectives which we, as Canadians, ought to set for ourselves, as well as to assess how the economy was progressing towards goals of these kinds and to consider what kinds of decisions and policies would facilitate the maintenance of sustained progress towards our basic economic and social goals." Some examples of problems in the past, such as higher unemployment and persistent price and cost increases, and how they were dealt with. Some lessons learned. The situation as we enter the 1970's. Crucial questions and situations to watch out for at the present time. Some of the highlights of the Council's new look at Canada's economic future in the 1970's. Questions to ask for the coming decade. "Achievement Goals" for the Economic Council of Canada: "goals relating to the way in which we use our resources to satisfy human wants and aspirations." The difficulties of compiling achievement goals and ordering priorities. The need for the "emergence of a clearer and more knowledgeable consensus in our society about the needs and the wants and aspirations of Canadians to which we should be harnessing our energies and our capacities and our growing resources."