Word: economists
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Dates: during 1970-1979
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Stephen A. Marglin '59, the only radical economist left in the Department's faculty, said yesterday that the appointments will affect the quality of research in this field at Harvard...
...System, to add to a communications empire that already includes the Washington Star-News and Metro-Goldwyn-Mayer. The White House issues a statement welcoming the huge investments by "our Arab allies" as a way of stopping the dollar drain ("If they cause us trouble," adds one White House economist, "we can always nationalize them"), but it expresses some concern at reports that Libya and Iraq are negotiating with France to obtain nuclear weapons...
...called the budget "more valorous than prudent" and added: "It is certainly incautious, and we fear that it is ill-judged." To most political observers, it seemed to be a stopgap tactic for holding consumer support while the government tries to make its stern economic controls work. As one economist put it, "The budget is really a piece of fiscal sugar to sweeten public acceptance of Stage...
Meanwhile, foreign currency reserves have been exhausted, inflation soared at a rate of 163% last year and this year's trade deficit is expected to surpass $500 million. Says one foreign economist in Santiago: "By July or August there will be some very hungry people in Chile." Says Allende: "There are higher values than a piece of meat or a kilogram of potatoes...
...large Georgian central building, set on an isolated wooded hilltop near Princeton University, are filled with outraged mutterings about "breach of confidence," "contemptible conduct" and "second-rate scholarship." This uncharacteristic rancor surrounds an epic struggle between a majority of the institute's faculty and its director, Economist Carl Kaysen...