Word: economists
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Dates: during 1960-1969
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...letter dated July 21, MacEwan informed Rosovsky that "it is my belief ..that the principal purpose of the Dean's letter is unrelated to any concern for either my professional abilities as an economist or my ability to engage in mutually beneficial exchange with students. I see his action as part of the effort being made to suppress political action of the sort which took place here in April...
...plan has the particularly unattractive name of "crawling peg," but it has a notably attractive list of advocates. It was popularized largely by Princeton Economist Fritz Machlup, and lately has been advocated, in one form or another, by German Economics Minister Karl Schiller, French Finance Minister Valery Giscard d'Estaing and Hendrik Houtthaker, a member of the U.S. Council of Economic Advisers. Last week Guido Carli, governor of the Bank of Italy, also offered a crawling-peg plan...
...Vietnamese bureaucracy, Diem's program failed. At the 1966 Honolulu summit, the South Vietnamese promised to make land reform a major part of the pacification program. Saigon did not make any real progress until three months ago, when Thieu put Than, a University of Pittsburgh-trained economist, in charge of the Agriculture Ministry and gave top domestic priority to land reform...
...people who were polled thought that the most urgent step necessary is to cut federal spending-even though few individuals would be wiuirg to reduce any Government spending that reaches their own pocketbooks. Surprisingly, those polled favored wage-and-price controls by 50% to 26%; practically every economist has damned such controls as unworkable. By a big margin, the respondents also want to do away with the surtax and tight money, though economists on all sides believe that those measures are needed...
Eventually, the cost of money will force managers of large corporations to reconsider some marginal capital-expansion projects. After a survey of 1,000 companies, Martin Gainsbrugh, chief economist of the National Industrial Conference Board, reports some retrenchment in plans to spend on new plant and machinery. Between the last quarter of 1968 and the first quarter of this year, planned spending dipped by 2½ % and in some industries by as much as 10%. Gainsbrugh believes that the long boom in capital spending will level off through the year, as businessmen face up to a squeeze on profits...