Word: cea
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...good to have a CEA (Central Ethical Agency) on campus as guardian of the university's most cherished values: arrogance and hypocrisy. I hope it won't delay in "letting the world know where Harvard stands." Anita Safran
Many economists harshly criticized the notion of disbanding the CEA. They maintain that among the Government's thousands of economists, the three members of the CEA are the only ones far enough removed from departmental infighting to advise the President objectively. Raymond Saulnier, chairman of the CEA under President Eisenhower, last week sent Reagan a telegram supporting the council. Says he: "I don't know what the Administration is trying to do. I can hardly believe it." But others were less concerned. Said Barry Bosworth, a senior fellow at the Brookings Institution, who once served on the CEA...
...power of the council has varied from President to President and chairman to chairman. The CEA's influence reached its height under Walter Heller, who advised Kennedy and Johnson and devised the very successful tax cut of 1964. Gardner Ackley, Heller's successor, recalls meeting with Johnson as often as three times a day. On occasion they talked economics while rambling around in a Jeep on L.B.J.'s ranch...
...Reagan Administration, though, the CEA has had little clout. The first chairman was Murray Weidenbaum of Washington University in St. Louis, who resigned after 18 months on the job because he had only minimal influence on policy. He was succeeded by Harvard's Martin Feldstein, the CEA chairman from October 1982 until last July. Unlike such previous advisers as Arthur Burns and Alan Greenspan, who sometimes disagreed with official policy behind closed doors in the Eisenhower and Ford Administrations, Feldstein broke ranks in public, calling for a tax increase and warning that the federal deficit could throttle the recovery...
...panel, but the President could weaken the council further by failing to appoint replacements. Said Reagan in an interview published in Human Events, a conservative weekly: "I'm considering whether or not I even want to fill [the chairmanship]." From a public relations standpoint, while abolishing the CEA would make economic decisions appear smoother, it might create the impression that the Administration is trying to get rid of anyone who does not agree with it. Particularly if the economy runs into trouble in the next four years, the President will need plenty of help to share the work...