Word: economist
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Dates: during 1930-1939
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During the World War Walther Rathenau, industrialist and economist, had taken hold of the German economic machine and coordinated it after the fashion of Bernard M. Baruch's later U. S. War Industries Board. A Jew, Rathenau was assassinated after the War by antiSemitic, anti-liberal nationalists. But Rathenau's secret dream of a completely rationalized and goosestep-clicking German industry was remembered by some of his young disciples who became Nazis. Hitler's first and second Four-year plans for making Germany self-sufficient owe more to Rathenau's social thinking than any Nazi would...
...Economist and Poet...
...considers himself a professional economist as well as a poet, and testimony to his rank in the former are three articles of his which have been printed in the "Rassegna Monetaria", the Italian economic journal. His explanation of his personal mixture of poet and economist is that "an opic is a poem con- taining history, and if a man thinks he can understand history without economics he is a bloody idiot...
...stamp scrip" of the economist Gesell is the money plan which Pound advocates. This would mean a monthly stamp of 1 per cent on the value of the scrip issued by the government, and would do away with taxes and replace them with "taxed money, based on national production," he said...
...Decembers, Colonel Leonard Porter Ayres's Christmas present to U. S. business has been a speech to the Cleveland Chamber of Commerce, forecasting the coming year's prospects. Last December the country's No. 1 bachelor economist prepared business leaders for substantially better business in 1939, especially in the first half year. He said: "The monthly average of industrial production was 110* in 1937, and it will probably be 85 or 86 in 1938. It now seems likely that its average in 1939 will be about...