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The Challenge of Economic Leadership

Published online by Cambridge University Press:  19 October 2009

Sidney L. Jones
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Extract

The challenge of leadership is to look beyond the current expansion to consider the long–term outlook for the U. S. economy. My good friend Paul W. McCracken once described this process as looking across the valley to see what is on the other side. His message was: “What will be different on the other side of the valley is far more relevant to business planning than the valley itself.” Such advice is particularly meaningful at this time because of the basic need for more stability in our economic policies.

Type
II. Special Papers
Information
Journal of Financial and Quantitative Analysis , Volume 11 , Issue 4 , November 1976 , pp. 529 - 539
Copyright
Copyright © School of Business Administration, University of Washington 1976

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References

1 McCracken, Paul W., The Other Side of That Valley, White House Briefing for Businessmen, Washington, D.C., November 21, 1969.Google Scholar