Word: economists
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Dates: during 1970-1979
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...other hand, if the left should succeed in squeaking through, Giscard would be confronted by an intractable National Assembly, a clutch of Communists in his Cabinet and a hostile Premier-perhaps Francois Mitterrand himself-committed to reversing his most cherished policies. Measuring all the equations, conservative Economist Jean Fourastié recently provided the best summing up. Said he: "It will not be pleasant to hold power...
...inflationary rise is caused by price-boosting forces almost everywhere in the U.S. economy. As Daniel Brill, the Treasury's chief economist, told TIME Washington Correspondent George Taber. "A lot of little things are breaking wrong. It's a tenth of a point here and a tenth of a point there." The problems...
...Economist Edward Denison of the liberal-oriented Brookings Institution calculates that Government regulations covering everything from shipping to the environment lowered output per man-hour in private industry by 1.8% between 1967 and 1975. One COWPS member estimates that regulation adds from .5% to 1% to inflation, and that new regulations this year will raise business costs by $5 billion...
...bill has been in Congress eleven months). He should also let it be known that he is seriously considering supplemental measures - slapping a stiff tariff on imported oil, for example, if consumption does not come down. The damage done by dawdling on energy can hardly be overstated. Asks Chief Economist Hans Mast, of Switzerland's Credit Suisse Bank: " What are we to think of a President with a parliamentary majority who cannot get his energy program through Congress...
DIED. Sir Roy Harrod, 78, noted English economist, and disciple and definitive biographer (in 1951) of John Maynard Keynes; in Holt, Norfolk, England. A student of Keynes' at Cambridge, Harrod forged a brilliant career that encompassed teaching at Oxford University from 1921 to 1967 and serving on Sir Winston Churchill's private staff during World War II. He was knighted...