Word: economisters
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Dates: during 1950-1959
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...strikers would now be content with anything less than the 5% increase granted the railwaymen, or that they in return would have to abandon the restrictive practices (featherbedding, rigid jurisdictional rules, etc.) which keep their productivity from going up as fast as their pay. Warned the London Economist: "The threat to the national economy . . . does not arise solely from the possibility of widespread industrial stoppages. It arises, too, from the possibility of inflationary settlements of these disputes...
...Finance Minister Roberto Verrier went on the air last week-and the worst is just what they got. In blunt introductory remarks, the President lambasted both "egotistical businessmen" and workers who believe "that the supreme social achievement is well-paid laziness." Then he turned the microphone over to Economist Verrier, who told the story in terms of pesos. Argentina, according to the minister's figures, is consuming and featherbedding its way to 'bankruptcy...
...economist named Dupont, General Motors, and General Electric as examples of the modern "soulful" corporation. Among the attributes that characterize all such companies, Kaysen noted the size and dominance of the firm, capacity for large-scale growth, and the relative absence of ownership interest...
Aiken analyzed Perry as a "Moral Economist," discussing the ethical aspects of his thought. Aiken said that to Perry "morality was an economy of interest rather than the greatest means to the greatest number...
Before an audience at the National Press Club. Federal Reserve Chairman William McChesney Martin Jr. made an unusual admission for an expert economist-or indeed any kind of expert. Since the first of the year, said Chairman Martin, the FRB's governors "really haven't known which way the business currents are running." And until they do know, the Federal Reserve will follow a policy of "passive" credit restraint, neither tightening nor loosening the nation's money supply. "We are simply trying to let the forces of supply and demand operate in the money market...