Word: economist
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Dates: during 1950-1959
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...Victorian age." It was a polite way of suggesting that Morrison would be expected to make way for a younger man before the next election, probably in 1960. Two such candidates are radical "Nye" Bevan, 57, the tough and noisy non-Victorian from the Welsh coalpits, and moderate Economist Hugh Gaitskell, 49, the scholarly-looking favorite of the big trade unions. Gaitskell is by far the stronger candidate. A skillful debater whose economic ideas are so similar to those of Tory Chancellor of the Exchequer "Rab" Butler that Britons have coined a single phrase for them (Butskellism), he trounced Bevan...
While the demand for Old Masters continues, nothing is surer than the shrinking of the supply-especially since the best paintings are continually being frozen into permanent public and private collections. The result, as the London Economist recently cautioned would-be investors: "Too much money has been chasing too few good pictures...
...LONDON ECONOMIST...
...Public policy both on mergers and bigness should be one of keeping hands off." Thus, before Stanford University's 14th Business Conference in Stanford, Calif, last week, Harvard Economist Sumner Slichter took up the question of increasing bigness in U.S. business and explored it both from an economic and a political standpoint. Said Slichter: "The health of any organization, whether a business concern, a university, or a Government agency, is promoted by growth...
...week's end, when the congress broke up, there was some solid evidence that Economist Levy and other delegates had gotten their point across. In Italy's Senate, Don Luigi Sturzo, 83-year-old founder of the Demo-Christian Party, an implacable foe of statism and an old enemy of E.N.I.'s Mattei, rose to demand quick passage of the new mining act. Said he: "There is no good reason why private firms, either Italian or foreign, should not carry out research with their own capital and at their own risk." As for E.N.I, itself, even...