Word: economists
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Dates: during 1970-1979
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Leontief is the third Harvard economist to join the Harvard roster of Nobel celebrities. His colleagues consider him among the most dedicated and deserving laureates...
...elegantly simple method is based on the idea that the products of certain industries are used as production factors in other industries. Using input-output analysis, an economist can chart the interdependence of industrial output and predict the effects shifts in one industry will have on another...
Balancing Rosovsky's idealism is his training as an economist. He said to an alumni group, "Recently, I have begun to wonder why it is that economists have become so involved in top university administrative posts. Perhaps many of you will think we are not good for much else. But I believe the answer lies in the fact that economists are familiar with the all-important notion of trade-offs...
...changed radically in the Middle East, as the members of the Organization of Petroleum Exporting Countries (OPEC) press for larger and larger shares of the big oil companies' operations on their territory and unilaterally set high prices for oil. "There are no lasting arrangements any more," said Oil Economist Walter J. Levy. "The oil companies have no alternative but to acquiesce to changes imposed upon them...
Savings Outflow. In consequence, says Economist Alan Greenspan, "we are in for a massive hemorrhaging of [funds from] the thrift institutions," as depositors shift their money into higher-yielding investments. This process is known as "disintermediation," and there are some signs that it already has begun. The U.S. Savings and Loan League estimates that in April S and Ls suffered a savings outflow of $350 million, v. a net inflow of $831 million in April 1973. Ultimately, the process could bring home construction to a virtual standstill by drying up mortgage money, and could threaten the solvency of the thrift...