Word: economists
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Dates: during 1950-1959
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...talk in council about matters that touched some of them most, e.g., Kashmir, for if too much practicality were let in the door, the mystical would fly out the window. "The Commonwealth is split on too many specific issues to act in concert," said London's Economist...
Before a midyear Washington conference of business leaders in the U.S. Chamber of Commerce Hall of Flags last week, Dr. Emerson P. Schmidt, top U.S. Chamber economist, unfurled a banner prediction: "Nineteen fifty-six promises to be our best year in history in terms of production, employment and earnings. This prosperity ought to carry over into...
...Psychiatrists since Freud have been busy doing for man's morals what Darwin and Huxley did for his pedigree." complained one of Britain's most respected economists and sociologists last week. This may or may not be progress, but to Economist Barbara Wootton, now a magistrate in London's juvenile courts, it presents a serious problem. In Twentieth Century she writes...
ECONOMIC forecasters trace their ancestry to a 16th century astrologer who was hired to prophesy financial trends for the German banking house of Fugger. The art of business prediction has come a long way from its starry-eyed origins. But economists admit readily that their prognostications are still largely a matter of educated guesswork. And in the current uncertainty over the economic outlook, guesstimating fever has reached epidemic pitch. Says one topflight Washington economist: "We work by the seat of our pants more often than we like to admit...
...blame Detroit's sliding auto sales on FRB's credit-crimping policies. On FRB's side are such experts as J. P. Morgan Chairman Henry C. Alexander, who thinks FRB "was wrong only in not being more vigorous a little sooner," Harvard Economist Sumner Slichter and retiring New York Federal Reserve Bank President Allan Sproul, who tartly dismisses Automan Curtice's complaint as "a sort of cosmic jest." Detroit's difficulties, says Sproul, are a hangover from 1955's frantic sales race when too-easy credit skimmed the cream from 1956's auto...