Word: economists
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Dates: during 1970-1979
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Sadlowski has the backing of Ralph Nader, Victor Reuther (brother of the late Walter), liberal Economist John Kenneth Galbraith and General Motors Heir Stewart Mott, who gives money to liberal causes. Most established labor chiefs, like George Meany, head of the AFL-CIO, oppose Sadlowski...
...sense of national purpose rather than tough immediate measures to bring it down. Says Defense Minister Shimon Peres, Rabin's chief rival in the upcoming elections: "Vision is worth more than economic study, and the dreamer gets better results than the best professor of economics." One such economist, Tel Aviv University President Haim Ben-Shahar, feels that only a decisive leadership, the kind that would be brave enough to stand up to political pressure groups and cut defense spending, can assure the growth that Israel needs desperately. And when might economic redemption arrive? Israelis like to invoke a rabbinic...
...writing the book, author E.F. Schumacher has drawn heavily on his own experience. A founder of the Intermediate Technology Group of which he writes, he is also president of the Soil Association, one of Britain's oldest organic farming leagues. Twenty years as chief economist and head of planning for the British National Coal Board shaped his opinions on nationalized industry. A former Rhodes scholar, Schumacher is also a close student of Ghandi, non-violence and ecology...
...great majority of economists," writes Schumacher, "are still pursuing the absurd ideal of making their 'science' as scientific and precise as physics, as if there were no qualitative difference between mindless atoms and men made in the image of God." Through the economist's theoretical lens, we are all merely so many atoms, with greed as our organizing principle instead of electronegativity. Questions of what is good for us may therefore be put safely aside. The physicist does not worry about what is good for the atoms; neither should the task of the economist be to determine what's good...
...manufacturers make the same types of products-but the Japanese place a greater stress on foreign sales. Since World War II, aided by a supremely motivated work force and a gigantic worldwide marketing-intelligence network, the Japanese have made exports the cutting edge of industrial growth. Kinji Yajima, an economist at the Tokyo Institute of Technology, says frankly: "The very efficiency of this Japanese machine makes it ruthless...