Word: ecksteins
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...Otto Eckstein, professor of Economics, predicted yesterday that President Kennedy will take strong action if the steel industry follows Wheeling Steel Corporation in its recent price increase...
...Social Sciences, the new professors will include three historians, Ernest R. May, Elliott Perkins '23, and Richard E. Pipes; Otto Eckstein in Economics; Stanley H. Hoffmann in Government...
...Eckstein is a specialist on public finance and a consultant to the President's Council of Economic Advisers, the Treasury Department, and the Rand Corporation. Hoffmann is an analyst of international relations and a specialist in French government...
...professors interviewed generally agreed that the proposed tax cut and reforms would be a step in the right direction. But they were cautious in making quantitative estimates of its effect on employment or income. But Eckstein, a fiscal policy expert claimed that the tax cuts by themselves could not bring full employment. He said that "favorable results in the private sector," would also be necessary "to restore the economy to full employment in a few years...
...Eckstein pointed out that the proposals proposals go more than halfway," in meeting conservative, demands. He cited the relatively mild measures proposed for 1962, the large reduction in high income tax brackets, and the cut in corporate tax rates in evidence of this...