Word: eckstein
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Dates: during 1960-1969
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Next week economics department chairman Otto Eckstein will meet with the leaders of this summer's experiment to discuss the first results. If the project has met with success, economics 1 may next year become the first Harvard course to offer instruction by computer...
...Otto Eckstein recently predicted that all the money saved from ending the Vietnam war will be channelled right back into the military budget instead of being used for social spending. Now David Rockefeller may put some quiet pressure to bear on the President to prevent this happening but by himself he can achieve nothing...
Willett--whom Otto Eckstein, professor of Economics, considers one of the best-informed Faculty members on the current crisis--said he expects the Johnson Administration will stay on the gold standard and fight the gold drain...
...HOWEVER, Eckstein goes on in his paper to make the gloomy prediction that "much of this saving will be re-directed into the strategic components of the defense budget." He gives two reasons. First, he says, there will be a strong need to resume modernization of the defense establishment after having deferred it during the Vietnam war. Secondly, Eckstein believes that the U.S. is in Asia to stay and this will prove costly...
There will be pressures, as Eckstein points out, to divert money back into the defense establishment. The cities have to respond by mobilizing counterpressure...