Word: economists
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Dates: during 1960-1969
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Alain C. Enthoven, 31, intense and dark-suited, looks more like a young college professor than a weapons analyst. Yet, as deputy comptroller for systems analysis, this young economist must lay bare the calculations on which many defense decisions are made. After graduating from Stanford with honors in economics, spending two years at Oxford as a Rhodes scholar and getting his Ph.D. from M.I.T., he joined the Rand Corp. think factory, where he helped direct a major study of Strategic Air Command operations and strategy that later became part of the Kennedy Administration's defense policy. Deeply concerned...
Merton Joseph Peck, 36, came to the Pentagon last July after teaching for five years at the Harvard Business School, now is assistant deputy comptroller for systems analysis under Dr. Enthoven. A graduate of Oberlin College and Harvard. Economist Peck, who looks strikingly like a younger McNamara, first got interested in defense problems at Harvard during a Ford Foundation study of the economic aspects of weapons procurement. Says he: "Defense is really the dominant problem of our times. If you're concerned about the world, naturally you get interested in this." His specialty is non-nuclear ground forces...
...current 52% rate to the 47% that prevailed early in the Korean war would reduce Government revenues and increase corporate profits by $2.5 billion-a whopping 10% gain for U.S. business. Companies would soon budget well over one-half of this for capital spending, says New York University Economist Marcus Nadler, and every dollar put to such use would turn over so often that it would add $3 to the gross national product. At that rate, a $2.5 billion corporate tax cut could increase the G.N.P. by some $5 billion...
...most part, foreigners seem more optimistic about the U.S. economy than businessmen here. A few foreign economists agreed with German Federal Bank Director Otmar Emminger, who felt that "a mild U.S. recession three to six months from now is a possibility." But many more, pointing to the continuing rise in U.S. purchasing and production, side with Allen T. Lambert, president of Canada's Toronto-Dominion Bank, who holds that "there is a tendency to overplay some of the weaknesses because North America is entering a new period of world competition. I certainly don't expect a recession...
Effective Effulgence. Occidental's boss is veteran (since 1946) President Arthur G. Coons. 62. an Oxy alumnus ('20) and a Penn-educated economist. A noted educational statesman, Coons was chairman of the committee that worked out California's new "Master Plan" for public higher education-a plan for expansion that makes life more perilous than ever for California's private campuses, especially for those as small...