Word: ecksteins
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...turning point," warned Ezra Vogel, chairman of Harvard's Council of East Asian Studies and author of Japan as Number One: Lessons for America. "If we are to avoid going the way of Britain, we have to act fast." Added Harvard Economics Professor Otto Eckstein: "The 1980s are a decisive decade. The forces of decline can be stemmed, but if we fail to come to grips with our problems, the U.S. will wind up taking a back seat to more disciplined countries such as West Germany, Japan and possibly even some totalitarian countries developing along socialist lines...
...course, some faculty needed no prompting: Otto Eckstein long hid from economics students at his private consulting firm which he recently sold for $100 million dollars, and numerous other professors have devoted themselves to less spectacular consultations and moonlighting. Bok himself encourages this, building an image in his annual reports and elsewhere of Harvard as a source of education and information for "real world" centers. He uses special mid-career programs and conferences to try to make the Kennedy School a training ground for virtually every middle management bureaucrat in government. He wants to direct business school professors away from...
...severe as the one six years ago, which lasted 16 months and caused output to decline by 5.7%. But the Carter Administration's projections of a "mild and short" decline are so much whistling past the graveyard. TIME Board of Economists Members Walter Heller and Otto Eckstein see the economic drop ranging from 3% to 4%, with a slow recovery starting in the second quarter of 1981. That would make this downturn the second worst since the Great Depression...
...OTTO ECKSTEIN is the Warburg Professor of Economics at Harvard University and president of Data Resources, Inc. Productivity Measures for Several Countries Average Annual Percentage Change in Productivity 1950-65 1965-73 1973-78 Japan 7.2 9.1 3.1 West Germany 5.2 4.3 3.2 Italy 5.1 5.6 1.3 France 4.7 4.5 2.8 Canada 2.7 2.3 .8 United Kingdom 2.2 3.3 .9 United States...
...program "was very positive and broad," said C. Edward Acker, chairman of Air Florida, a small airline. "I wasn't expecting so much." Otto Eckstein, a member of TIME'S Board of Economists, declared: "I think the President has made a complete reversal of his economic policy, for the better. He has gone from three years of greatly excessive budget deficits and excessive money supply expansion to a conservative regime of budget balancing and limited credit growth." Republican Senator Bob Packwood of Oregon commented with ironic approval: "It seems that the President has learned more about inflation...