Word: ecksteins
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...board's average prediction was that real gross national product-total output of goods and services, discounted for inflation -would rise 6.2% in 1976. Now the range of guesses is from 6.3% (Beryl Sprinkel, executive vice president of Chicago's Harris Trust & Savings Bank) to 6.9% (Otto Eckstein, head of Data Resources Inc., an economic consulting firm...
This early warning system, made possible by computer analysis of a va riety of indicators, will take the temperature of every economic advance. DRl President Otto Eckstein, a Harvard professor and member of TIME'S Board of Economists, rates the temperature of the current recovery to be near normal, al though he notes that optimistic business men are scrambling to stock their shelves and supply bottlenecks are be ginning to show up. But the question remains whether the boom index will real ly be able to warn of a dangerously rising temperature before it is already too high...
...Otto Eckstein, Warburg Professor of Economics and the principal lecturer in Ec 10, said yesterday that because of the drop the reading list committee will take an "extra hard" look at the course's reading...
...standard dining hall grumble concerns the political bias of the course, and not without reason. Eckstein's lecture on Marx, for instance, focussed on two issues: how we know that Marx was wrong and why so many people nonetheless believe him. The performance was unfortunate for many students left Memorial Hall with no sense that an intelligent alternative might exist. That Otto Eckstein is no champion of alternative economic philosophies should come as no surprise; everyone knows that enrolling in Harvard to study Marx is like travelling to Brazil to practice speaking Spanish...
...self-contained and too far removed from real-life economics, neither Otto Eckstein and his squad of sectionmen is to blame. No one can understand the American economy without some sense of the history of business and labor, the sociology of American class structure, or the psychological effects of industrialization and resistance to it. History, sociology, psychology, economics--they are all tools to be used toward the same goal, but Harvard treats them as separate subjects...