Word: centrally
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...Monetary History of the United States, the closest that the new economists have to such a tome is a 651-page text, Macroeconomics, by Dornbusch and Stanley Fischer, 35, both professors at M.I.T. Published in 1977, it has become the largest selling advanced economics text. The authors' central thesis reflects the new economists' nagging uncertainty about the omnipotence of their own profession. They contend that the complex computer models used to predict the effects of specific economic policies or actions simply do not-and cannot-reflect the way the real world behaves. "What will be the magnitude...
...specialty of international monetary policy, Dornbusch opposes the efforts of the Federal Reserve and foreign central banks to prop the dollar's value by buying up billions on the international money exchanges. His preference: let the dollar float freely until it reaches its real market value. Dornbusch takes much the same hands-off attitude toward trade: the U.S. should not protect its industries from foreign competition, and, conversely, it should insist that its trading partners reciprocate. In a free global market, Americans would be forced to face up to the fact that either the nation controls its inflation...
Every morning at 6 a.m. loudspeakers on the ornate clock tower above Hanoi's Central Post Office crackle to life with the strains of the patriotic pop song, In Praise of Ho Chi Minh. Within the hour most of the city's 820,000 residents have mounted their bicycles to head for jobs and schools. No matter where they pedal they never get far from Uncle Ho. His exhortations to BE VIGILANT AND DEFEND THE COUNTRY AT ALL TIMES are posted throughout the city. His steely face surveys every foyer and office. It seems to personify the martial...
...eerily quiet. Little except 60? busts of Ho are available at the Fine Arts Emporium. An elegant photography studio hints at Hanoi's genteel past, but the only examples of the proprietor's craft are dusty portraits of Ho, Che Guevara and Jane Fonda. Inside the massive central department store, no amount of artful deployment of bicycle parts and condensed milk can hide the fact that little is being produced for public consumption. While officials claim that more than 20% of the economy works on an "open market" basis, the only items private hawkers sell are vegetables, spices...
...style that the sociologists found seems to have changed drastically. Even with today's can-you-top-this cult scene, his account of training for life in outer space is remarkable. Each minute, 24 hours a day, a musical beep sounds across the camp from a command tent ("Central"). During the day, at twelve-beep intervals, the disciples check Central for their next task. Among their duties: camp chores, perimeter guarding and stints as "rotating eyes" (monitoring campers' conduct and reporting violations...