Word: economists
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...bankers, has bitterly condemned "the archaic limitations of our international monetary machinery." Former U.S. Treasury Secretary Douglas Dillon felt so strongly about the matter that in his farewell statement two weeks ago he said: "The greatest financial challenge is to work out changes in the international monetary system." French Economist Jacques Rueff, who influenced Charles de Gaulle's call for a return to the gold standard, concedes that he "would prefer almost any solution to no solution...
...oldest and perhaps most radical plan for reform, first suggested by Britain's Lord Keynes, is to turn the IMF into a supercharged world central bank with powers to create its own money. Yale Economist Robert Triffin revived and modernized this idea in 1959, and it has been embraced-in one form or another-by such experts as Prime Minister Wilson, former British Exchequer Chancellor Reginald Maudling, Greece's Central Bank Chief Xenophon Zolotas and Bank of Italy Governor Guido Carli. Wilson's version of the plan would work this way: 1) the IMF would create certificates...
...such as IBM Economist Joseph Froomkin feel that automation will eventually bring about a 20-hour work week, perhaps within a century, thus creating a mass leisure class. Some of the more radical prophets foresee the time when as little as 2% of the work force will be employed, warn that the whole concept of people as producers of goods and services will become obsolete as automation advances. Even the most moderate estimates of automation's progress show that millions of people will have to adjust to leisurely, "nonfunctional" lives, a switch that will entail both an economic wrench...
...expand greatly the level and variety of human wants. If U.S. farms had never mechanized, for instance, and thus displaced a large pool of labor, the U.S. would have been hard pressed for workers to develop its present industrial might. Says Dr. Yale Brozen, a University of Chicago economist: "Society uses whatever number of people it has. Seventy years ago, 50% of the population farmed. Now only 7% does. That enormous change took place in just a couple of generations...
Crossed Fingers. At the Joint Economic Committee hearings, Economist Seymour Harris of the University of California at San Diego pointed out that eleven of 15 so-called "leading indicators" are on the rise. Said Budget Director Kermit Gordon: "The present healthy expansion will keep going through a fifth consecutive year." About the only word of caution came from Raymond J. Saulnier, who had been President Eisenhower's chief economist; pointing to a rapidly lengthening work week and "incipient inflation," he said that the economy shows signs of "overheating," and he warned, "Don't push your luck...