Word: economists
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Dates: during 1960-1969
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...writes Robert Lekachman, borrowing the heading of TIME'S cover story (Dec. 31) on the late John Maynard Keynes. Now that Keynes has been embraced by politicians and popularized by journalists, the academicians are eager to assess again the ideas of the 20th century's most influential economist. Lekachman, head of the economics department at the State University of New York at Stony Brook, is the first American to analyze at book length Keynes's life and work and the impact of his thinking on contemporary times...
...exports-was down from $295 million in July to $193 million in August, for the best showing since February. Part of the improvement could be attributed to the resumed shipment of exports after Britain's 45-day seamen's strike. But Jay, a 59-year-old economist, thought there was more to the story than that. He felt that the drastic measures recently imposed by Prime Minister Harold Wilson to hold down consumption and wages were beginning to take effect. "Deductions drawn from the figures for recent months were too gloomy," said Jay, ungloomily...
...before it is either accepted or rejected by the presiding judge. Assessors are supposed to be familiar with the customs of the accused's tribe, and Kinsey had to settle for one U.S. citizen, Soil Conservationist Gail Bagley of Elsberry, Mo. The second assessor was a bespectacled Tanzanian economist, Fred Mugobi, who was at least American-educated. The defense counsel was a British-trained, Kenya-born attorney of Greek parentage-Byron Georgiadis...
French Advice. The former colony did not achieve full independence from France until 1960. Even after that, the pocket-sized nation (pop. 3,800,000) welcomed French investment, and Houphouet-Boigny relied heavily on French aid and advisers. Chief among these was Economist Raphaël Saller, who executed for the Ivory Coast an economic program inspired by France's own le Plan. Blessed with nine feet of annual rainfall and a sunny six-month growing season, the Ivory Coast ranks third among the world's coffee producers, fourth in cocoa. But aware of the dangers...
...equal a Swede's. Yet hourly earnings in British industry grew by 33% in 1960-65-plus another 7% in manufacturing during the first three months of 1966. "More people in Britain pushed up their earnings more steeply for less work than any time since 1960," said the Economist. "Nothing exceeds like excess...