Full text: Conclusions for Research

circumstances. He has to learn everything which he can not 
do on the basis of habit and tradition. It should be realised 
how much of our economic behaviour resets on repetition and 
imitation. To create new forms is much less easy, it demands 
time and effort and therefore it implies hesitation. 
This is where the papers of Delorme, Boyer and Schefold 
come in. They have no doubt that a major change is occurring 
in technology and organisation - the "regulation" as 
Delorme would have it. In this conviction they are following 
Charles Sabie. Delorme reflects the uncertainty in the 
strongest terms: We cannot know, he maintains, what the 
future"regulation" will be like. 
Schefold, dealing with a more special subject, takes a very 
positive view of the relation of environmental protection 
to investment and employment. Environmental policies may 
cost money, but they create on balance new employment. 
In fact the now prevailing view that the 
need for material production has reached limits may seem 
a little one sided if one considers the needs of the environment, 
the needs arising form the structural changes and the 
necessity to repair and modernise the infrastructure of 
neglected and depressed regions which in some cases seem 
to extend to whole countries. 
But what is the proper policy for period three, that is for 
a time with chronic deficiency of effective demand? 
In the short run public spending and support for ailing firms 
have served some small countries well in keeping unemployment 
at a lower level than in most large countries. But the 
measures cannot be continued indefinitely because of the 
burden of interest on the public debt. As a long run policy 
there are the two alternatives of either reducing

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