Word: eckstein
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Several major Harvard figures passed away this year. The most prominent was Warburg Professor of Economics Otto Eckstein. who succumbed to a long bout with cancer in March Eckstein, who was 56, will be remembered by generations of Harvard undergraduates as the leader of Economics 10, later Social Analysis 10. "Principles of Economics." His colleagues will remember him as one of the early pioneers of economic forecasting. Eckstein was the founder of Data Resources Inc the largest forecasting firm in the world...
There is general agreement, however, that the issue of radical sections came up this year as a result of the transfer in course leadership, caused by the death of Warburg Professor of Economics Otto Eckstein, long-time helmsman of Ec 10. "It was definitely because of the new blood that the question was raised," Goulder said...
...Eckstein will undoubtedly be remembered by legions of students for his devotion to teaching. As the long-time leader of the introductory economics course, he introduced "a whole generation of Harvard undergraduates" to the field, commented long-time colleague Martin S. Feldstein '61, chairman of the Council of Economic Advisers. Eckstein was also known in his department as a friend of undergraduate education, someone who argued annually for increased funding and personnel for undergraduate courses...
Equally important, Eckstein left a legacy fast disappearing in an age when the people of the Ivory Tower seem to be increasingly divorced from the world without--that of the scholar who is actively involved in nuts and bolts issues. It was Eckstein who took economic forecasting from the abstract world of the classroom and made it a practical tool for the government and business. It was Eckstein who took his economic expertise directly to Washington in the early 1960's when he served as a member of the Council of Economic Advisers. It was Eckstein who founded and built...
...outstanding scholar, a distinguished teacher, and a successful businessman, as well as having a rewarding family life," said Economics Department Chairman A. Michael Spence. Given the increasing specialization of the day, that is quite remarkable. Eckstein will be missed...