Word: cea
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Last week CEA got a new member who agreed with its present methods. To succeed Roy Blough, who quit last month to take a job with the United Nations, President Truman appointed Robert Turner, 44, an Indiana University professor who has shuttled in and out of New and Fair Deal jobs since...
...CEA. Council of Economic Advisers. Economic aspects of defense mobilization Chairman: Leon Keyserling...
...CEA also estimated that corporation profits before taxes were at a record annual rate of $40 billion in the third quarter (v. the previous high of $35.3 billion in the same quarter of 1948). Profits after taxes were running at the rate of $23.2 billion a year, $1.3 billion ahead of the old 1948 record...
...economist and nothing else, stuck pretty close to economic orthodoxy. Keyserling, an avid Government planner, was further to the left. The council's third member, John D. Clark, skittered around vaguely somewhere in between. The chief difference between Nourse and Keyserling was in their interpretations of CEA's job. Nourse thought it was chiefly to hold a thermometer under the nation's tongue and dispassionately report the results. Keyserling thought of the CEA as a tool of the Fair Deal, to be used in promoting Harry Truman's political philosophy and economic schemes...
Yeoman at Work. To fill the third spot on the CEA, Harry Truman named 48-year-old Dr. Roy Blough (rhymes with how), Pittsburgh-born son of a Church of the Brethren minister. President Truman got him from the University of Chicago, where he taught economics and political science...