Word: economists
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Dates: during 1970-1979
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...ECONOMIST, the phenomenon is a paradox. Modern societies have become increasingly concerned with distribution--with dividing the pie--when it is clear that the great majority of people can raise their living standard only by producing a larger pie. Certainly, this development seems to contradict the basic economic precept that people desire to simply increase the amount of material goods they possess as their primary economic motivation...
...possessed a nuclear stockpile of 8000 megatons (million tons of dynamite equivalent), according to Ruth Sivard, the former chief economist of the Arms Control Disarmament Agency. That is equal to 615,385 Hiroshima bombs. When one considers that the rest of the planet possesses another 8000 megatons, one realizes that human history has clearly moved into the age of overkill...
Last week the Rand Corp., in a study for the Pentagon, argued that the nation is far better off with volunteer soldiers than with draftees. The 394-page report is the work of Richard V.L. Cooper, a respected economist and manpower specialist. His key findings, as outlined in his report and in an interview with TIME...
...enough oil and gas in the world to last 100 years or more-provided that industrial nations are willing to pay the price of developing it. Former Defense Secretary Melvin Laird says that there is no energy shortage, only a production shortage brought about by unwise Government policy. Says Economist Morris A. Adelman, an M.I.T. colleague of Wilson's: "The gap is like the horizon, always receding as you walk, ride, or fly toward...
...operate there. Sometimes the sources give out widely divergent numbers, and an embarrassing amount of guesstimating goes on. On balance, the numbers show a gentle decline in proven reserves over the past five years, but no one knows for sure if that is really what is happening. Says Oil Economist John Lichtblau: "I find it a little frightening that world oil policy is made on the basis of the figures these magazines put out. The numbers are speculative, especially for countries in the Middle East and Africa, yet everyone uses them...