Word: economists
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Dates: during 1970-1979
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Ullman's handiwork evoked howls of criticism from labor and business economists alike. "An administrative nightmare," declared AFL-CIO Research Director Rudy Oswald. "It's pro-Sun Belt and anti-Snow Belt," complained Jack Carlson, the chief economist of the U.S. Chamber of Commerce, who objected to the bias for only growing firms...
...distinguished U.S. oil economist has challenged that assumption. In an impressively documented book titled The Control of Oil, just published by Pantheon Books, Dr. John M. Blair argues that the real culprits are the major international oil companies, known familiarly as the Seven Sisters (Exxon, Mobil, Standard Oil Co. of California, Texaco, Gulf, Royal Dutch Shell, and British Petroleum). In Blair's view, the companies actually aided and abetted the OPEC increase, while pleading helplessness to their price-gouged public. "A form of bilateral symbiotic oligopoly" is the author's complicated if caustic term to describe the relationship...
...into the causes of the oil embargo, similar charges of oil company profiteering were briefly aired and then forgotten. Blair has produced a 441-page work that is not so easily brushed aside. Until his retirement in 1970, he was one of Washington's most diligent and crusading economists. Corporate executives who were exposed to his withering questions in congressional hearings often regarded him as an anti-business radical. Actually, he was dedicated to reasserting the force of a free market, which he felt had been curtailed by the economic power of a handful of huge corporations. From...
...smaller cars. The automakers expect to sell more of the handy vans that are already a part of the youth culture as well as more recreational vehicles: motor homes, campers, dune buggies, Jeeps, motorcycles and mopeds. Education may finally get better, as the teacher-student ratio improves. Says Economist Alan Sweezy of the California Institute of Technology: "I think ZPG is going to be a very good thing for higher education...
There will be an end to overcrowding." There will be a continuing increase in the demand for adult education, with the emphasis on practical skills and crafts rather than abstract knowledge. Says Vincent Ficcaglia, an economist at the Cambridge-based Arthur D. Little think tank: "What is changing is the type of learning people want. It's much less formal: they don't want or they already have a liberal arts degree. What they do want is to acquire skills to satisfy their own creative urges or help them survive-plant-growing and plumbing, for instance." Colleges...