Word: ecksteins
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...Carter's surprise announcement, Otto Eckstein, head of Data Resources Inc., a computerized forecasting firm, was still not ready to forecast a downturn. His current view: "We now predict recession. At these [interest] rates you are going to drive down housing and construction." Specifically, Eckstein's DRI estimates that there is a 55% chance of recession. Milton Friedman, guru of the conservative monetarist school of economists, gloomily asserts, "We have gone beyond the point of restoring the economy without a recession...
...home, the Carter plan had some early supporters. Said Heath Larry, president of the National Association of Manufacturers: "The time has come for us to join the President in attacking the problem?and stop attacking each other." Claimed a spokesman for Otto Eckstein's Data Resources, Inc., a highly respected economic think tank in Lexington, Mass.: "The President has taken as tough an approach to wage-price standards as is possible short of statutory controls. The program has a reasonable prospect of success." General Electric Chairman Reginald Jones agreed, explaining: "It was reassuring to hear the President place his main...
Caught in the middle is Otto Eckstein, Warburg Professor of Economics and president of Data Resources Inc., an economic think-tank that will issue report later this month applauding the basic concept behind the plan. However, the report warns student hardships and threats to institutional autonomy if the bill be adopted in its present form...
...Actually, the idea is very similar to something I proposed in the 1950s," Eckstein commented last week. "But despite what Mr. Silber says about creating a self-supporting 'national education trust fund,' his projections about the cost of the government seem rather optimistic," he said...
...trained as much of the new generation of economic historians as all the others put together," Otto Eckstein, Warburg Professor of Economics and another former student of Gerschenkron, added yesterday...