Word: economists
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Dates: during 1970-1979
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...change the G.O.P. image and arouse voter excitement, many Republicans have been trying a different tactic this campaign. They have been championing the Kemp-Roth bill, which calls for a 33% federal income tax cut over a three-year period. The measure is based on the theory of Economist Arthur...
...make a statement about waste in U.S. society, Economist David Osterberg, 35, of Cornell College in Mount Vernon, Iowa, moved into a chicken coop nearly two years ago. The quarters are small (9 ft. by 12 ft.) but cheap: $40 a month for rent and electricity. Osterberg installed a glass skylight, insulation and not-so-spartan furnishings, including a stereo, color television, refrigerator, telephone, toaster oven and several Persian rugs. Says he: "Living this way makes me feel that at least I'm not part of the problem...
...experts believe that even higher interest rates are on the way, even though Reserve Chairman William Miller has said that borrowing costs are at or near their peaks. Henry Kaufman, a top money analyst at Salomon Brothers, believes the prime rate could be as high as 12% in 1979. Economist Allen Sinai of Data Resources, Inc., figures on a recession if the prime rate reaches 11% and the Fed funds rate...
Milton Friedman, an American economist at the University of Chicago, won the economics prize in 1976, and last year's award went to Bertil Ohlin of Sweden and Englishman James Meade...
...moral of this story: Shapp's financial package was less of an inducement in VW's decosopm-making process than it was a bonanza once the decision was made. Nowhere was this more true than in tax abatements Shapp offered. Two years ago in Working Papers, MIT economist Bennett Harrison published a study of corporate decision-making on plant location. Harrison concluded that tax incentives were so far down the corporate priority list--much less important than factors such as site access and condition, workforce composition and education, union presence--that they served primarily as windfall profits. But meanwhile, states...