WORKERS ARE PRODUCTIVE AGENTS. THEIR ECONOMIC PRODUCTIVITY IS ENHANCED BY INVESTMENT IN THEM. THE INVESTMENT APPROACH IS NOT ONLY A USEFUL BUT A VERY POWERFUL ORGANIZING CONCEPT FOR POLICY AND PROGRAMING. BY USING IT, ONE CAN IDENTIFY MAJOR MALINVESTMENTS THAT ARE A CONSEQUENCE OF PUBLIC POLICY SUCH AS--(1) IN AGRICULTURE, TOO MUCH HAS BEEN…

DURING THE EARLY 1960'S, THREE PRIMARY CHANGES OCCURRED IN THE UNITED STATES WHICH CALLED FOR A BASIC REORIENTATION IN ATTITUDES, POLICIES, AND PROGRAMS OF ACTION. INVOLVED WERE (1) AN ECONOMIC POLICY TO REDUCE UNEMPLOYMENT THROUGH ECONOMIC GROWTH (1964 REVENUE ACT), (2) AN ACTIVE MANPOWER POLICY TO PROVIDE A TRAINED LABOR SUPPLY (1965 MANPOWER…