When Stephen Weiss invited me to be the first speaker at this Conference, he suggested that I might attempt to view the orderly development of health psychology from a broad perspective, including a perspective on the future of psychology in general-as well as the likely relationship of health psychology to other fields of the behavioral sciences. Mature reflection, coming as it so often does after too long a delay, has convinced me that this mandate can only be properly addressed by looking at some specificsspecifics drawn from our recent history and, most particularly, from current observations on the economic state of psychology.A study, however cursory, of the contents of the blue book that has been provided for delegates to this meeting immediately conveys the impression of the emergence of a new direction for psychology, enthusiastically seized by some individuals of initiative, growing rapidly in the number of people becoming involved in it, and, above all, pervaded by a theme of optimism about the extent and attractions of the horizons before us. I hope that this impression is correct for it will mean that the perhaps sober tone of what is to follow may serve to provoke discussion rather than daunt the energies that will surely be required for the tasks ahead.Let me turn first to a scrutiny of the current state of affairs in the training, recruitment, and employment of doctoral level psychologists generally. I do so for two reasons: one is that the present state is the outcome of policies that have been followed within the graduate schools of the country and our national association, and hence may serve to teach us something about the effects of such policies; the other is that our judgments about the employment opportunities for doctoral psychologists in the forthcoming This is an edited version of the paper.delivered.