Word: economists
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Nine-Month Wait. Despite some internal debate, the Administration has shown more inclination to defend its strategy than to change it. Paul McCracken, the President's chief economist, insisted last week that the economy is entering "a period of transition" and that "we must not lose our cool." He has impressive evidence to bolster his argument. The growth of the output of goods and services has slackened. Profits are expected to fall in this year's third quarter. Housing, industrial production, new orders for factory goods and stock prices have declined. Over lunch at Pittsburgh's elite...
Nevertheless, the success of the Cuban effort is far from certain. Cuba is short of trained managers, and in some factories has relied on worker self-supervision. In many of these factories worker productivity has been falling. "Once you take the bosses off people's backs." says one Harvard economist just returned from Cuba. "you don't have people doing the onerous tasks they have to do." And while there is little doubt that masses of students and intellectuals have been doing volunteer work in the cane fields, few observers can tell whether they are there because they want...
...practice is often a description of anarchy, the university radicals have half seriously given the world "anticipatory Communism," which means to steal. The New Left, though, still has a long way to go before it can equal the euphemism-creating ability of Government officials. Who else but a Washington economist would invent the phrase "negative saver" to describe someone who spends more money than he makes...
Every week that passes without firm evidence of impending victory in the war against inflation intensifies the debate over the Nixon Administration's economic strategy. As the debate grows louder, it also grows more confused. Milton Friedman and other "monetarist" economists warn that the Federal Reserve Board may already have tightened credit enough to raise a threat of "severe economic contraction." A.F.L.-C.I.O. President George Meany and Economist John Kenneth Galbraith insist that the restraints are ineffective and that only some form of wage and price control can slow price increases...
Julian is an English economist in his middle 30s-or has been one, since economics can describe only the past or the future and his attention has been sharpened down to pain's single vivid dimension, the present. He shelters a crab: cancer. The effort of concentrating properly on the crab's requirements makes him weave and shake like a drunk. He is not a drunk; alcohol cannot touch the pain or the concentration that balances it. When the pain becomes so demanding that there is no awareness left to walk with, though, Julian stops...