Word: economist
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Dates: during 1930-1939
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...anonymity" whom the Reorganization Act allows him. When the news came out one astute reporter dashed over to the white marble palace of the Federal Reserve Board. He wanted to be the first to bring the good news to the President's new economic adviser. He was. Economist Lauchlin ("Lauch") Currie, a man whose economic ideas will henceforth be of No. 1 concern to U. S. business, thanked...
Last year Utopian Economist Stuart Chase, having discovered the 16-year-old science of semantics (the study of meanings), rushed off to write a book, The Tyranny of Words, whose point was in substance that if everybody used the right words, all misunderstandings and muddled thinking would evaporate and many of the world's ills would be cured. Last week Stuart Chase was again discovered playing his word game...
Dorothy Thompson believes the U. S. should be governed by the Cabinet, and nowadays she has her own private cabinet which governs the thinking of her column. Her chief adviser on economic problems is Alexander Sachs, an economist who works for Lehman Corp. and used to be head of NRA's economic research division. On foreign affairs she consults Hamilton Fish Armstrong, John Gunther, Quincy Howe. If she wants to know what the British are doing she calls Harold Nicolson in London. About France she talks to Raoul de' Roussy de Sales, U. S. correspondent for Paris-Soir...
Hereafter, when the Department of Justice looks prosecution-wise at any industry, its representatives can go to Washington, get the advice of such experts as Dr. Willard Long Thorp, top-flight Commerce Department economist, on the "economic aspects" of any consent decree to be proposed. The Department of Commerce explained that it wants to advise Business on steps which could not properly be discussed by the prosecuting Department of Justice. Since the right hand will know perfectly well what the left hand is doing, this will make it possible for the Government to prosecute and trade with Business...
...open to question on another count. For an impressionistic commentator, Bunde makes a pretty good score, but it is to be expected that his justice might miscarry in some instances. And notable among these latter is the case of Professor Usher who has been characterized as "neither an economist nor, in the true sense, an historian," but rather "a collector of details--a hard working, conscientious gatherer of economic facts." Usher has done an excellent job in Ec. 133 (where I happen to have heard him) in tracing the pattern of economic development, and Mr. Bunde's failure to catch...