Word: ecksteins
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...ECKSTEIN: That, I think, is a bit too sanguine. It is too simple to say that once you break inflationary expectations, the problem is solved. We just will not get a quick improvement...
...ECKSTEIN: The Administration is in for some unhappy months. But you have to keep it in perspective. First of all, the unemployment will not be recession unemployment. Small changes in the unemployment rate do not have any visible effect on social unrest. Unrest has been at its peak when unemployment was low. As long as the Administration can show progress toward price stability, and as long as it can keep us out of a recession, I don't think that the voters will have anything to complain about...
Abram Bergson. Economics Otto Eckstein, Economics John Kelleher. Celtic John Montgomery. Government Arthur Smithies. Economics
Drawn up by two history graduate students and a few undergraduates, the petition includes the signatures of Seymour M. Lipset, Bruce Chalmers, Roger Brown, Karl Deutsch, William Alfred, Jeol Porte, Leonard K. Nash '39, and Otto Eckstein...
...Eckstein said that the proposed programs would give the government more control over inflationary forces and avoid undesirable employment fluctuations...