Word: chamberlins
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Despite frequent agreement in details among Edward H. Chamberlin, David A. Wells Professor of Political Economy, John T. Dunlop, professor of Economics, and Arthur Smithies, Nathaniel Ropes Professor of Political Economy, a difference in outlook towards the eighty-five day old strike was often revealed in their answers to questions on possible effectiveness of the eighty-day injunction, on the effect of the strike upon the national economy, and on the influence a settlement would have on other industrial disputes...
None of the professors were optimistic about the chances of an early settlement. Chamberlin, although favoring use of the injunction at this time in order to prevent spreading of a situation which he described as "desperately serious now," expressed the fear that it "may just postpone everything for eighty days...
Dunlop, however, in contrast to Chamberlin, does not feel that the work stoppage has severely injured anyone, since much of the wages and profits forgone during the summer were in reality transferred into the first half year by the extensive preparations. He offered the opinion that when the strike is over, "there will be no evidence that the strike has hurt the economy...
...stand this year, he suggests, is due to their fear that the "pattern of periodic wage increases" will price them out of both the domestic and foreign markets. It is "terribly important to stop the wage-price spiral at this juncture," he said, by settling without a price increase. Chamberlin agreed that "the real issue of inflation is the reaction on other wages. Whether the price of steel will have to go up is "only a small part of the problem...
From the Washington bureau, White House Correspondent Charles Mohr followed President Eisenhower on his trip to Manhattan to welcome Kozlov; Correspondent Mark Sullivan tracked the Russian steadily through public and private functions in Washington; Anne Chamberlin flew to California in the Kozlov plane, persuaded him to answer the first personal biographical questions he had ever answered. The Kozlov story-a narrative of his travels and a portrait of his personality-was written by Jesse Birnbaum and edited by Louis Banks. It is preceded in NATIONAL AFFAIRS by a story that puts his visit and all the current visits by Americans...