Word: economists
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Dates: during 1960-1969
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...succeed him, Johnson named Gardner Ackley, 49, a former University of Michigan economics professor who has been a member of the Council of Economic Advisers since 1962. To fill the vacancy left by Ackley's move up, Johnson picked Arthur Okun, a Yale economist and since 1961 a CEA staff member...
...probably rank above the rest on the influence chart. One is Joseph Pechman, 46, the short, greying economist at the Brookings Institution, who importantly shaped the form of the tax cut and now is lobbying for a reduction in excise taxes. Pechman went to the University of Wisconsin with Heller, landed his first Government job (in the Treasury) through Heller after World War II, now frequently discusses the economy with the CEA chief. Specializing at the moment in federal-state relations, Pechman this week will hand to the President a lengthy report that recommends methods for channeling a portion...
...crucial pivot that keeps him in or out of power will be the Bolivian army and his own armed followers. So long as they remain loyal, Paz will probably weather the storm. It is in the best interest of the hemisphere that he do so. He is an able economist of considerable vision; he has a deep appreciation of inter-American relations and the U.S. role in Latin American development. And he is probably the only man strong enough to hold together his seething land...
...recent vast growth of this debt has led to new concern by Government and economists about just how far it can go without danger. The Government has threatened to tighten credit immediately if there are signs that it is getting out of hand, and Joseph W. Barr, chairman of the Federal Deposit Insurance Corp., has suggested that Congress next year undertake a thorough examination of the whole credit situation. Such an examination might prove enlightening, but few businessmen and bankers, who are mostly the ones who grant the credit, feel that it is necessary. So long as incomes and employment...
Imitation of Christ. The son of a former Swedish Prime Minister and a brilliant economist in his own right, Hammarskjöld was a meteoric success as a banker even before he entered international politics. Yet Markings shows that every step of the way he was dogged by agonizing self-doubts and despair. "Time goes by," he noted, "reputation increases, ability declines." "The little urchin makes a couple of feeble hops on one leg without falling down," he wrote, "and is filled with admiration at his dexterity, doubly so, because there are onlookers. Do we ever grow...