Word: economisters
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Alan S. Manne ’43, a distinguished economist and world-renowned energy expert, died two weeks ago after suffering from cardiac arrest while engaging in one of his favorite pastimes, horseback riding. He was 80 years old. Manne, who received a Ph.D. in economics from Harvard and lectured at the College immediately following his graduate work, spent much of his professional life at Stanford University, working in the Department of Management Science and Engineering.After time at Stanford and Yale, he came back to Harvard briefly, from 1974 to 1976, as a professor of political economy at the Kennedy...
...Japanese believed the ideal retirement age was about 65 or 70. In contrast, Americans, Germans and Swedes most often cited 60 to 65 as preferred ages to call it quits. "People think work has a value, that a job gives you important self-identification," says Atsushi Seike, an economist at Tokyo's Keio University, who studies the aging issue. Seike believes that the work ethic among the elderly stems from the fact that retirement is a relatively new phenomenon for Japan. Seniors watched their own parents and grandparents work until their bodies gave out. "Many retirees, especially the older ones...
...billion. The company's biggest acquisition, the $36 billion purchase of Chrysler Corp. in 1998, remains deeply controversial. The market value of DaimlerChrysler, the combined firm, is about one-third less than when the merger was announced. "They frittered away their cash," says Helmut Becker, a former chief economist of rival BMW, who works as an industry consultant. "If they hadn't, the quality problems wouldn't have come about...
...technological edge. In a blunt letter to Mercedes employees announcing the layoffs, Zetsche wrote that "our costs in all parts of the value chain are significantly higher than those of the best competitors" and that the company was dragging around too much production capacity. Becker, the former BMW economist, contends in a book published last month that the glory years of the German auto industry are history and that as much as 25% of the 800,000 auto-manufacturing jobs in the nation will be cut over the next 10 years as suppliers increasingly shift production abroad. The book, titled...
...help him temper his sharp and unruly tongue. Because it’s my job to worry about stuff like this, I started wondering: if Ron Howard did an “A Beautiful Mind”-style biopic on their relationship, who would play the loose-chinned economist and his poetry-reading lady love...