Word: economists
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Dates: during 1960-1969
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Indira is also likely to temper her policies to fit the thoughts of the three men she seems to trust most. They are Food Minister Subramaniam, Defense Minister Chaven and Economist Asoka Mehta. Like her, they are all Socialists, but in 18 years of experience, they have seen that socialism is not always a cure, and is sometimes a curse for India's problems. By inclination, Indira prefers public ownership of plants, but her chief economic adviser, Asoka Mehta, is fully aware that government-owned factories have proved to be far less efficient than private enterprise in India. Indira...
...profits and depressing capital investment. Though Germany still boasts the world's second highest exports (after the U.S.) and $7 billion in monetary reserves, the hunger of its increasingly well-to-do consumers for imports caused a 1965 net balance-of-payments deficit of more than $350 million. Economist Ludwig Erhard's government is trying to combat the problem by raising some taxes and holding back federal spending...
Galbraith, who was elected to the Department of Literature, was called "a distinguished economist and social historian." Sert, elected to the Department of Art, was cited for "his major contribution to the development of modern architecture...
Among Europeans, such arrangements on the part of U.S. businessmen arouse anger as well as pleasure. Pleased are the affluent and usually anonymous international investors-London's Economist tartly calls them "international tax dodgers"-constantly seeking new ventures with which to multiply their new wealth. Still intensely nationalistic in financial matters, European governments discourage outsiders from entering their bond markets by imposing coupon taxes ranging up to 25% on alien bond purchases. American bonds, on the other hand, being tax-free and easily transferable, are snapped up in $10,000 and $20,000 lots by zip-lipped Swiss bankers...
Dunlop, a labor economist and student of technological change, is a member of the President's Committee on Equal Employment Opportunity. He has participated in labor-management mediations in the coal, railroad, atomic energy, and construction industries...