Word: economists
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Dates: during 1970-1979
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...TIME. Tax Expert Joseph Pechman, who directs economic studies at the Brookings Institution, testified at the recent House Ways and Means Committee hearings on President Ford's tax-cut proposals. His recommendation: deepen the rebate by several billion dollars. Arthur Okun, also of Brookings, and University of Minnesota Economist Walter Heller have both served as chairman of the Council of Economic Advisers under Presidents Kennedy and Johnson. Otto Eckstein, Harvard professor and head of Data Resources, Inc., a Cambridge, Mass., think tank, is a former member of the council, and its current chairman, Alan Greenspan, is on leave from...
Still, the hiring very likely is only half a loaf for the radical graduate students and their one tenured faculty ally--Stephen A. Marglin '59, professor of Economics. Case said this week, "If Sam Bowles--the best Marxist economist in the country--couldn't get tenure. I don't think Lazonick will get tenure either...
...bull market in the making? A. Gary Shilling, chief economist of White, Weld & Co., notes that "historically, whenever we've had a major recession- like in 1921, 1937 and 1958 -we've never had a genuine new bull market until all the bad news is out of the way." Last week's big spenders were ignoring several signs that that has not happened yet. The Labor Department reported that industrial productivity declined by 2.7% last year; that is the first decline in manufacturing output per man-hour since the department began keeping such records in 1947. Corporate...
...trying to diversify their currency holdings. Those purchases have prompted many speculators to sell greenbacks and buy francs in the belief that they will profit later when more oil money floods into Switzerland and pushes the value of Swiss currency even higher. Even now, says one unhappy Swiss bank economist, "there is a flood of petrodollars waiting at the gate...
...Russian-born economist is 68 years old--past Harvard's mandatory retirement age-- but said he had been asked to continue to teach at Harvard, "at least for two or three years...