Word: economisters
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Dates: during 1950-1959
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...Unfashionable Cause. No. 54 was Economist Val R. (for Rogin) Lorwin, 46, adopted son of eminent Labor Economist Lewis Lorwin, who in 1934 went to Washington to work for the Taft family on the state papers of President William Howard Taft. Soon, he moved on. Lorwin and his wife joined the Socialist Party in 1935; with eager energy they plunged into work for the Southern Tenant Farmers Union, a bitter Socialist rival of the Communist-led Sharecroppers Union. Lorwin worked in several New Deal agencies until the war when he was an Army lieutenant assigned...
...Economist Arthur Burns, who took a leave from Columbia University last year to become the Administration's top economist, last week used a homely, school-teaching metaphor to tell some of his old colleagues what he thought about the state of the U.S. economy. Said Burns at a dinner in Columbia's Men's Faculty Club: "Early this year a scissors movement began to develop in the economy, with the financial and investment sector occupying the upper blade and the industrial sector the lower blade." The scissors, predicted Burns, are unlikely to remain open for long...
That was a new idea to many Britons. What had been a titular role, her trip had made real. Said the Economist sternly: "Let the bells, the bands, the saluting cannonade ring over London with no note of jealous possessiveness, no claim that the capital is taking back to itself a priceless possession that has been on loan . . . for it is the other Commonwealth countries which have a right to ask of Britain today that we should not overwork their Queen...
...sense of imperturbable peace that, when World War I broke out, none suspected that it was sounding the knell of the golden echo. Indeed, Author Garnett; fussing with his fungi, saw no need to join the army. His friend John Maynard Keynes (who grew up to be the great economist) had assured him "that the war could not last much more than a year." Author Garnett closes his book with the dry words: "It was a great relief for us all to have Maynard's assurance on this point...
...great allies of the West spent the week in mutual recriminations. In the U.S., the charge was made that Britain had let the West down. The British retorted that only British steadiness and wisdom had saved the allies from hasty, dangerous and useless action. Even London's Economist observed: "If American opinion has the impression that Mr. Dulles' boldness is always being curbed by Britain's timidity, it is largely his fault for starting off with big talk and then coming down to less big doing...