Word: bergsonism
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Both Musgrave and Abram Bergson. Baker Professor of Economics, warned that Reagan's planned tax-cuts may fail to prevent the budget deficit from growing unless he also provides adequate reductions in federal spending...
After seeing his standard of living rise steadily since World War II and having been promised more to come, the average Soviet citizen now faces the prospect of declining prosperity. Says Abram Bergson, director of Harvard's Russian Research Center: "Over the coming decade, the Soviets will be lucky if the increase in consumer goods is half what it has been lately." The central planning that helped achieve rapid industrialization has become the roadblock to further economic development...
Although the Center received money from the Ford Foundation for operating expenditures since its founding, these grants were never sufficient to fund either an endowment or post-doctoral fellowships, Bergson said...
...given to the Center by the Mellon Foundation. $500,000 will be used as permanent endowment for junior and senior post-doctoral fellowships, while the remining $100,000 will go toward the Center's library and its additional expenses over a five-year period, Bergson said...
...Mellon grant fills the financial gap between limited government financial support and waning grants from the Ford Foundation, which concluded its funding of the Center with a matching grant of $500,000, Bergson said...