The persistent high level of unemployment had led Senator Hubert Humphrey and Representative Augustus Hawkins to sponsor the Equal Opportunity and Full

Employment Bill. Mr. Feldstein concisely explains the difference between his

recommendations and their bill: "As far as I can tell, they mean [to achieve] 3 per cent [unemployment] by pushing on demand, cutting taxes, spending more, making money more readily available, and, if that fails, simply hiring people into the public sector; while I had in mind not simply increasing demand but rather changes in the incentives and the structure for labor markets that would cause unemployment to fall without any abnormal increases in demand." Mr. Buckley asks Professor Feldstein to help us out with some definitions (of, e.g., frictional unemployment), opening the way for a rich discussion that includes the effects of welfare and the minimum wage, the situation in England and Sweden, and the effects of increased productivity on quality of life.