tant objectives of a far-sighted na- 

 tional research poHcy. Idle scientihc 

 talent and a retarded rate of scien- 

 tific and technological progress have 

 been the usual result of economic 

 depression. Steady maintenance of a 

 generally high level of production 

 and emplovment would naturally ob- 

 viate the necessity of special stabili- 

 zation policies in respect to research 

 and technological development. In 

 the period of postwar transition and 

 possible temporary recession, how- 

 ever, increased governmental expend- 

 iture mav be necessary in order to 

 offset the probable reduction of re- 



search activities in industry and in 

 prixately financed universities. Even 

 if such a temporary recession should 

 be much milder than the great de- 

 pression of the early 1930's, the abso- 

 lute reduction in the national re- 

 search budget would be substantial 

 since the general level of research is 

 now much higher than it was 15 

 years ago. It is urged, therefore, that 

 anv national scientific foundation 

 that is established should, as far as 

 is consistent with sound and equita- 

 ble policy, increase its grants for re- 

 search in periods of depression. 



89 



