COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS

WILLIAM PROXMIRE, Wisconsin, Chairman

S. 1542

CONTENTS

Page

85

LIST OF WITNESSES

Albert Rees, director, industrial relations section and professor of eco-
nomics, Princeton University__

Hendrik S. Houthakker, professor of economics, Harvard University.

Barry Bosworth, Director-designate, Council on Wage and Price Stability

and currently senior fellow, The Brookings Institution; accompanied by

Robert Crandall, Acting Director, COWPS_

Andrew J. Biemiller, director, department of legislation, AFL-CIO, ac-

companied by Dr. Rudolph Oswald, director, department of research___

Louis G. Peloubet, controller, Union Carbide Corp., representing the Busi-

ness Roundtable__

Charles L. Schultze, Chairman, Council of Economic Advisers, accompanied

by Robert Crandall, Acting Director, Council on Wage and Price

Stability

ADDITIONAL STATEMENTS AND DATA

Letter from Mr. Bosworth to Senator Proxmire on the activities of the

Council in the collective bargaining area.

Written answers to questions of Senator Proxmire submitted by Mr.

Bosworth

Breakdown by agency of the filings produced by the Council on Wage and

Price Stability.

Accomplishments of the Office of Wage and Price Monitoring__

Letter from Mr. Bosworth to Senator Proxmire enclosing proposed amend-
ments to S. 1542_.

Comments of the AFL-CIO on the proposed OSHA standard on cotton
dust, July 12, 1977--.

Supplemental statement of Mr. Peloubet..

Percent change in wholesale and consumer prices, 1971-76-

Statement of Robert R. Nathan, consulting economist____

State of Dr. Richard S. Landry, administrative director, economic policy

division, Chamber of Commerce of the United States.

Statement of Walter W. Heller, professor of economics, University of Min-

nesota

112

137

Article from the Wall Street Journal titled "The Battle Against Inflation"-

Statement of the Machinery and Allied Products Institute_

Statement of the National Canners Association_.

143

145

151

Letter to Council from National Canners Association with proposal for im-

proving the economic impact statement_---

184

Statement of the National Retired Teachers Association and the American

Association of Retired Persons--

Reprint of colloquy from Bosworth nomination hearing_

(III)

215

227