Word: eca
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...survived it. The issue was whether or not to lift the anti-inflation wage controls to give a bonus to the lowest income groups, in compensation for rising prices. The inflation in France is considerable, but the country is in relatively good shape in spite of it., thanks to ECA aid and to the initiative of her own industry. Production now equals that in the highest prewar year...
Italian politics have quieted down since the critical elections last year, but the marks of the fracas are everywhere. The Communists apparently cornered the nation's white paint supply--every available wall space is still daubed with "Viva Il Partito Communisto" and the slogan "Peace, Work, and Liberty." ECA, which is financing reconstruction projects all over Italy, has cashed in on the party line. Its slogan is "Peace and Work...
Among those here backing the devaluation is one of Harvard's newest economists. Arthur Smithies, professor of Economic since February when he came here direct from full-time work with the ECA. Smithies was director of the Fiscal and Trade Policy Division, and he still holds official ECA title as a consultant...
...right foundation in British policy is laid for offsetting certain dangers." Among the dangers the professor fears are (first) the possible upward spiral of British prices and wages and (second) poor management in the repayment of Britain's wartime sterling liabilities which might thus result in the funnelling up ECA aid through the British economy to outside recipients...
Another optimistic faculty expert, perhaps even more optimistic than Professor Williams is Dean Edward S. Mason of the School of Public Administration. Mason is also professor of Economics and an ECA consultant...