Word: economists
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Dates: during 1970-1979
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...increase to Aramco averages out to 50? per bbl., the Saudis will be taking in an additional $1.5 billion a year; this year their oil revenues will be around $25 billion. But offering lower prices to other buyers would do little to alleviate the petrodollar crisis, says Oil Economist Walter Levy...
...encompassing theory tied to the existing social order, sociologists have a tendency towards the accommodation of radical views. Senior sociologists at Harvard, like Seymour Martin Lipset and Daniel Bell, have integrated Marxist modes of analysis into their own theories. A parallel development would be impossible for any neo-classical economist. For this reason, and also because the senior Sociology faculty is somewhat to the left of Economics, an Economics-type purge of radicals seems unlikely. Taylor said last week, "In the Sociology Department, there are various sorts of Marxist sympathizers and very leftish liberals. They do not react with horror...
...economist sees any way that the developing nations will have enough money even for the food. Nor can they rely on aid. Though the U.S. has given away $25 billion worth of food in the past two decades, the American people will probably not support large aid programs if prices at their neighborhood supermarkets remain high. It is also uncertain whether the world has enough ships, trains and trucks to move such quantities of grain...
...prevented by population control. Morals aside, out of sheer self-interest he must ponder whether the hungry half-billion will allow him to live peacefully, enjoying his wealth. He must realize that there is the chance that the impoverished might resort to war to take his wealth and food. Economist Robert Heilbroner notes that even hungry, poor states might soon get the nuclear arms with which to terrorize wealthy countries. Finally, Western man must decide whether his own sense of human dignity-which is the basis for democratic institutions-can survive as he witnesses so many people starving around...
Died. Seymour E. Harris, 77, economist and adviser to Presidents; in San Diego. Harris spent more than 40 years at Harvard, where, with Paul Samuelson, J.K. Galbraith and others, he became an early advocate of then controversial Keynesian economics. As adviser to Candidate Adlai Stevenson and Presidents John Kennedy and Lyndon Johnson, Harris acted on his belief that economists should grapple with public issues. "I spend a great deal of my time on public policy," he said proudly. "I am concerned with concrete solutions...