Word: economists
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Dates: during 1970-1979
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Warns Brookings Institution Economist John Palmer: "It's incredible that Congress would be moving so fast to replace one retirement system with a new one it knows so little about...
...prominent Columbia University economist this week resigned from that university's East Central Europe Institute to protest the research center's sponsorship of a speech by a West German professor he believes was an apologist for the Nazi regime during World...
Lester Thurow, an MIT economist, will discuss "The Current Economic Predicament" at 8:30 p.m. in Emerson 305. If Thurow's name rings a bell, you may have taken Ec 10. Thurow was the one who talked about "job competition"--a scenario where jobs search for workers--as opposed to the standard theory of "wage competition" in which workers run around looking for jobs. Thurow's theory has numerous applications in the study of black-white income disparities, and explaining in general why some people have more money than others. This last is a topic that Thurow examined...
Least sanguine is David Grove, chief economist of IBM. Though he anticipates slightly under 5% growth this year, he looks for a decline in expansion rates during the second half of 1978, and in the third quarter of 1979 an anemic increase of just 2% to 3%. Says Grove: "We will have a fragile economy as we get into the latter part of next year. When that happens, it doesn't take much in the way of external shocks to push the economy downhill fairly fast...
...been selling forecasts from his famous Wharton School model for five years longer. But Eckstein's marketing flair and his computer time-sharing innovation have made DRI by far the biggest in the field. The most reliable performance rating of the prophets is made by Economist Stephen McNees of the Boston Federal Reserve Bank, who concludes that the three computerized econometric data firms - DRI, Wharton and Chase Econometrics - set the standard for accuracy among professional forecasters...