Word: economists
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Dates: during 1970-1979
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...Peking since 1970, is the nominal head of the insurgents, although little is known about the rebels' real leaders. It is assumed that the heads of several factions (such as the nationalists and the doctrinaire Communists) are rivals for power. One leader is Khieu Samphan, a French-educated economist in his 40s, who is the deputy premier of the Khmer Rouge shadow government and commander in chief of its army...
Part of that news remains as bad as ever. Testifying to the Senate Budget Committee last week, Alan Greenspan, the President's chief economist, forecast that the real gross national product would drop at an annual rate of more than 10% in the current quarter. That would be the fifth straight quarterly decline as well as the sharpest contraction for any quarter since World War II. Industrial production in February alone was off 3%, making five successive months of decline. Greenspan, who had previously predicted that unemployment would peak at 8.5%, now said that it would climb higher than...
...reduction. Experts of all political colors are urging quick action by Congress. "The immediate requirement is for a tax cut," says Greenspan. "Let's get on with the tax cut," echoes James Lynn, director of the Office of Management and Budget. Adds Arthur Okun, a leading Democratic economist: "Speed is more important than size." To Murray Weidenbaum, a top Republican economist, the key question is "Do we go from slumpflation to stagflation? It is to avoid the latter possibility that some of us are pushing a tax cut even though we think the economy will go up without...
...theory of economic production which depicts human beings as a form of capital is an "archetype of bourgeois ideology," legitimating and perpetuating inequality, racism, and discrimination in society, a prominent radical economist said yesterday...
Bowles, who formerly held an associate professorship in Economics at Harvard, was forced to leave the University last spring because of the Economics Department's decision not to grant tenure to the radical economist...