Word: economisters
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Dates: during 1950-1959
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Administration economists profess not to be worried. The real, noninflated gain in G.N.P. for 1953 was 4.4%. that for 1955 a fat 8%. What knocked the average off was a minus 1.9% in the 1954 recession and a minus 3.2% last year. Says one top-level Washington economist: "The boys who average these things out catch us at the low end of the cycle. If you judged 1959 and 1960 in overall terms, we would have nothing to worry about...
Nevertheless, almost every economist from New Dealing Leon Keyserling to the Rockefeller Brothers Fund experts and Harvard's Sumner Slichter would like to see the U.S. grow faster. They agree that the old 3% target is outdated, and that the goal should be 5% a year from...
...argument is chiefly over how to achieve the 5%: by massive Government help or the resources of private industry? A.F.L.-C.I.O. Economist Stanley Ruttenberg would like the Government to do much more of the job. He wants a loosening of credit, a big (and probably unbalanced) budget, with huge federal school, housing and other programs to make full employment. What about inflation? No problem, say the spenders. But what may be a problem is borrowing funds to finance the spending (see State of Business...
WASHINGTON, Feb. 9--An economist for the U.S. Chamber of Commerce deplored today the "wringing of hands" in comparing American economic growth with that of the Soviet bloc...
...survey of corporate appropriations by the National Industrial Conference Board points to "a sustained rise" in outlays. The board's Chief Economist Martin R. Gainsbrugh told the Congressional Joint Economic Committee that the upswing will be "well timed" for the long-term recovery, show its greatest momentum in the second half...