Word: ecksteins
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When Otto Eckstein, Professor of Economics, founded Data Resources Inc. (DRI) in 1969 he probably knew that he would be at the forefront of the now booming econometric forecasting business. But what he probably did not know is that he would be the leader of a flock of Harvard professors who are currently going outside the University to supplement their academic salaries. "I could never live on my academic salary," says Eckstein. "Indeed I don't see how anyone...
...think that the additional purchases will lift the food bills of U.S. consumers little if at all over the next twelve months-partly because the inflationary damage has already been done. The Agriculture Department has estimated that Russian grain buying would raise U.S. food bills 1.5% through 1976; Otto Eckstein, a member of TIME Board of Economists, figures that food prices next July will be 10% higher than last July, and that 3% to 4% of that will be the result of grain sales to the Soviets. But most of that rise is over; "the market already has discounted" additional...
Federal aid to New York City is imperative because a default on New York's debts would seriously damage national economic recovery, Otto Eckstein, Warburg Professor of Economics, said Thursday in testimony before the House Budget Committee...
...Eckstein said his predictions were based on the preliminary results of an econometric study conducted by his economic consulting firm, Data Resourses Incorporated...
...Marxists and the neoclassical "capitalists" on the causes of the contemporary problems of inflation and recession. The debate was billed as a battle over the fundamental difference in economic thought: the Marxists vs. the conservatives. Nowhere was it mentioned that half the economic spectrum wasn't even represented. Duesenberry-Eckstein debating Marglin-MacEwan on the alleged shortcomings of capitalism is like Milton Friedman and Bill Buckley debating the Rev. Billy Graham and Brother John Birch on the alleged shortcomings of socialism. Unfortunately such stacked debates are all Harvard can offer with a stacked economics faculty...