Word: economist
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Dates: during 1950-1959
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Small Voice. To most of the hard-headed businessmen who run the Congo government, the signs of a Negro awakening present not a danger but a challenge. "Once advance has begun, you cannot stop it, on any front," says Economist Henri Cornélis, Pétillon's deputy and almost certain successor. The Brussels Cabinet agrees, and the result is that the Congo government is getting ready to give the Congolese a small voice in the colony's affairs. Some time next year, if present plans are carried out, the literate Africans in the principal Congo cities...
Last week, in America's Needs and Resources: A New Survey, a Twentieth Century Fund research staff headed by Economist J. Frederic Dewhurst issued a 1,148-page statistical description of the present economy, plus a projection of what the U.S. would be like five years hence. Dewhurst's key prediction, on the assumption that U.S. peace arid prosperity will continue, is that 1960's gross national product will be $413.5 billion, up 29% from 1950, 16% from 1954. The U.S., with less than 7% of the world's population, already produces one-third...
...Americans prosperous simply because they stumbled upon a fabulous lode of natural resources? The book quotes the late Economist Wesley Mitchell, who pointed out that American Indians "lived in a poverty-stricken environment. For them, no coal existed, no petroleum, no metals beyond nuggets of pure copper . . . A precarious food supply, flimsy housing, mystical medicine and chronic warfare limited the increase in numbers." Says Dewhurst: "Technology, in fact, can be thought of as the primary resource; without it all other resources would be economically nonexistent . . . Technological progress during the past century, especially since 1900, appears to have been more rapid...
...Meaning of Elegance. The American Look has developed almost unnoticed by the women who wear it. "Elegant dress," wrote Economist Thorstein Veblen in 1899 in The Theory of the Leisure Class, "serves its purpose of elegance not only in that it is expensive but also because it is the insignia of leisure." But in the U.S., the meaning of elegance has changed as much as the meaning of leisure. It is a leisure of action-barbecue parties in the backyard, motor trips along country roads and across the country, weekend golf and water skiing. From America's lively leisure...
...that all races have the same anatomy." ¶Appointment of the week: Howard R. Bowen, 46, professor of economics at W111iams College, to succeed Samuel N. Stevens as seventh president of Iowa's Grinnell College. A graduate of the State College of Washington, Bowen has served as economist for both Manhattan's Irving Trust Co. and the U.S. Department of Commerce, in 1950 ran smack into a storm of controversy when, as dean of the college of commerce at the University of Illinois, he tried to liberalize his faculty and was finally forced to resign...