Word: economists
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...program includes no wage and price controls, no guidelines or targets for price and pay hikes ? which pleased many businessmen. Carter's economic advisers maintain that mandatory controls would not work. Some businessmen and economists doubted that Carter's voluntary program would have much impact on the current 6% rate of inflation, let alone enable him to reach his goal of slashing it by 2 percentage points by the end of 1979. But no one expected him to come up with a more effective plan. Said Harvard Economist Otto Eckstein, a member of the TIME Board of Economists...
OTTO ECKSTEIN, Harvard economist; member of TIME's Board of Economists. The results so far have been mediocre at best. A Democratic President, working with a Democratic Congress, might have brought the country a new day of enlightenment...
...group of Harvard undergraduates plans to circulate an undergraduate journal of economics, the "Harvard College Economist," this Monday...
...prices and wages. But business is still jittery about potential wage-price controls, which could hold down the profits from new plants. Many executives seem convinced that Carter will resort to them if inflation gets out of hand, despite repeated Administration assurances to the contrary. Says a White House economist: "No matter what Carter says, businessmen still think he's going to turn around in twelve months and slap on controls. It's an irrational fear." Shifting regulatory policies is another worry. Businessmen are not about to make big investments if they think a new regulation...
...passes, businessmen have one last, and huge, investment-inhibiting worry: energy. Previous plant-expansion booms were based on the assumption that plentiful supplies of cheap fuel would be available to power the new factories, and that assurance is now a thing of the past. Largely for that reason, says Economist John Rutledge, who was a Treasury Department consultant during the Ford Administration, "capital investment will probably never again be what it was"-at least in real dollars...