Word: economists
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Dates: during 1970-1979
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...stake in the decision are not only the fortunes of individual companies and their workers but the extent of the damage that the fuel shortage will wreak on the whole economy; an ill-conceived allocation scheme could badly magnify it. Explains Anne Carter, a Brandeis University economist: "Allocation is not even a question of fairness, although the consumer thinks of it that way. Allocation has to be balanced to provide for balanced production." In other words, fuel will have to be denied primarily to those industries least likely to have a significant impact on other industries and thus least likely...
...Harvard Economist Marc Roberts traces the problem with the oil companies back to the Supreme Court decision of 1911 that split up the old Standard Oil Co. into a number of vertically integrated companies. Since each company controlled everything from oilfields to gas stations, Roberts argues, the group as a whole was powerful enough to stifle independent competition. Even if there were enough oil this year, there would not be enough U.S. refinery capacity to process it because the companies have built no new refineries in the U.S. for at least two years. "Couldn't the oil companies have...
Gunnar K. Myrdal, the Swedish economist, Erik H. Erikson, professor of human development emeritus, James MacGregor Burns, professor of political science at Williams College, and Rexford G. Tugwell, a former Brain Truster for President Franklin D. Roosevelt '04, will also participate in the conference...
...Economist seems to suggest that if the U.S. only had a constitutional king who symbolized the nation, it would be a lot easier to dismiss Richard Nixon from the White House since the nation's image of itself would not suffer so grievously in the process. In other words, let politicians govern-and come and go if need be-but let kings embody the dignity of the state...
...close of the century, Economist Thorstein Veblen could already indict those gods for both "conspicuous consumption of valuable goods" and, more significantly, "conspicuous wastefulness." In the Twentieth Century, consumption and waste seemed wedded, the nuptials attended by such as Thomas Edison and Henry Ford, whose profligate inventions spurred cheap consumption. Even the Great Depression could not shake the habits of acquisition. F.D.R.'s reference to "the more abundant life" was too enticing to examine. So were the now forgotten promises of the Fair Deal, the New Frontier and the Great Society...